BW Energy: Update on Fixed Income Investor Meetings

Group 1 - BW Energy has decided not to proceed with the issuance of a USD 300 million senior unsecured bond due to unfavorable market conditions compared to other funding sources [1] - The company engaged with potential investors before making the decision regarding the bond issuance [1] - BW Energy's strategy focuses on low-risk phased developments targeting proven offshore oil and gas reservoirs, which allows for reduced time to first oil and cash flow [2] Group 2 - BW Energy holds significant interests in various oil and gas fields, including 73.5% in the Dussafu Marine licence offshore Gabon, 100% in the Golfinho and Camarupim fields, and 95% in the Maromba field in Brazil [2] - The company's total net 2P+2C reserves and resources were reported at 599 million barrels of oil equivalent at the start of 2025 [2] - BW Energy also has a 20% non-operating interest in the onshore Petroleum Exploration License 73 in Namibia and holds approximately 6.6% of common shares in Reconnaissance Energy Africa Ltd [2]