Management Share Option Plan "LTIP 2017" - Exercise of options and sale of shares by primary insiders

6 March 2024

On 5 March 2024, primary insiders of the Company have exercised vested options
granted under LTIP 2017 and sold shares in BW LPG in the market in a joint sale.
The exercised options will be settled by the Company by transfer of treasury
shares which the Company has bought in the market for this purpose. Following
the transfer, the Company will hold 8,328,338 treasury shares.

The total number of options and shares held by the relevant primary insiders
following the exercise and share sale are as set out below:

Prodyut Banerjee, Vice President and Head of Operations

Options (granted in 2021) exercised, each having a strike price of NOK 0.1000:
22,720
Options held following the option exercise: 126,464
Total number of shares held following the option exercise: 22,720
Number of shares sold: 22,720
Average price sold at: NOK 109.7659 per share
Number of shares held following the sale: 0

Knut-Helge Knutsen, Vice President and Head of Technical

Options (granted in 2021) exercised, each having a strike price of NOK 0.10:
22,720
Options held following the option exercise: 126,464
Total number of shares held following the option exercise: 22,720
Number of shares sold: 22,720
Average price sold at: NOK 109.7659 per share
Number of shares held following the sale: 0


For further information, please contact: 

Samantha Xu, CFO
E-mail: [e-mail]


About BW LPG

BW LPG is the world's leading owner and operator of LPG vessels, owning and
operating Very Large Gas Carriers (VLGC) with a total carrying capacity of over
3 million CBM. With five decades of operating experience in LPG shipping,
experienced employees and an in-house LPG trading division, BW LPG offers an
integrated, flexible, and reliable service to customers. More information about
BW LPG can be found at https://www.bwlpg.com.

BW LPG is associated with BW Group, a leading global maritime company involved
in shipping, floating infrastructure, deepwater oil & gas production, and new
sustainable technologies. Founded in 1955 by Sir YK Pao, BW controls a fleet of
over 490 vessels transporting oil, gas and dry commodities, with its 200 LNG and
LPG ships constituting the largest gas fleet in the world. In the renewables
space, the group has investments in solar, wind, batteries, biofuels and water
treatment.

This information is subject to disclosure requirements pursuant to Section 5-12
of the Norwegian Securities Trading Act and article 19 of the EU Market Abuse
Regulation.

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