Core Viewpoint - BW Offshore Limited is currently undergoing a limited strategic review of its potential options and has engaged Pareto Securities for assistance in this process [1] Company Overview - BW Offshore specializes in innovative floating production solutions and operates a fleet of Floating Production Storage and Offloading (FPSO) units [2] - The company has a strong ambition to grow, leveraging four decades of offshore operations and project execution to create tailored offshore energy solutions for evolving markets worldwide [2] - BW Offshore employs approximately 900 individuals and is publicly listed on the Oslo stock exchange [2] Regulatory Information - The information disclosed is considered inside information under the EU Market Abuse Regulation and is subject to the disclosure requirements of the Norwegian Securities Trading Act [3] - The stock exchange release was published by Eric Stousland, Manager Corporate Finance & Investor Relations, on 5 December 2025 at 12:15 CET [3]

Financing Arrangements - BW Offshore Limited is optimizing its financing structure by engaging with certain bondholders to align financial covenants of its outstanding bond BWO06 with other senior debt facilities [1] - The company has decided not to proceed with the proposed amendments to BWO06 based on feedback received from bondholders [1] Company Overview - BW Offshore specializes in innovative floating production solutions and operates a fleet of Floating Production Storage and Offloading (FPSO) units [2] - The company has a strong ambition for growth, leveraging four decades of offshore operations and project execution to create tailored offshore energy solutions for evolving global markets [2] - BW Offshore employs approximately 900 individuals and is publicly listed on the Oslo stock exchange [2]

Company Overview - BW Offshore is engaged in engineering innovative floating production solutions and operates a fleet of Floating Production Storage and Offloading (FPSO) units with ambitions for growth [3] - The company has approximately 1,100 employees and is publicly listed on the Oslo stock exchange [3] Upcoming Financial Results - BW Offshore will release its Q1 2025 results on June 2 at 07:30 CEST [1] - A conference call will be hosted by CEO Marco Beenen and CFO Ståle Andreassen on the same day at 09:00 CEST, which will include a Q&A session [1] Conference Call Details - The presentation can be followed via a webcast with supporting slides and a Q&A module, available on the company's website [2] - There will be a 30-second delay for those following the webcast compared to the main conference call, and it is recommended to use an updated browser, preferably Chrome [2]

Core Viewpoint - The successful handover of operations and maintenance of the FPSO BW Adolo from BW Offshore to BW Energy Gabon marks a strategic transition aimed at optimizing field performance and enhancing operational efficiency in Gabon [1][3]. Group 1: Handover Details - Effective from May 20, 2025, BW Offshore has transferred the O&M of the FPSO BW Adolo to BW Energy Gabon, a subsidiary of BW Energy [1]. - Under an amended bareboat charter, BW Offshore retains ownership of the FPSO and will lease it to BW Energy Gabon without O&M services, with a mutual put-and-call option on the FPSO for USD 100 million, exercisable in 2028 [2]. Group 2: Strategic Implications - The transition is seen as a natural step for BW Energy Gabon, allowing the company to optimize field performance and capture additional synergies across the Dussafu hub [3]. - Both companies express gratitude to personnel for maintaining BW Adolo safely and efficiently over the past seven years, indicating a commitment to strong operational performance under BW Energy's leadership [4]. Group 3: Company Overview - BW Energy is a growth E&P company focusing on proven offshore oil and gas reservoirs through low-risk phased developments, with significant interests in various fields and licenses [5]. - The company holds a 73.5% interest in the producing Dussafu Marine license offshore Gabon, along with interests in fields in Brazil and Namibia, totaling net 2P+2C reserves and resources of 599 million barrels of oil equivalent at the start of 2025 [5].

Core Viewpoint - The successful handover of operations and maintenance of the FPSO BW Adolo to BW Energy Gabon SA marks a strategic transition aimed at optimizing field performance and enhancing operational efficiency in Gabon [1][3]. Group 1: Handover Details - Effective from May 20, 2025, BW Offshore has transferred the operations and maintenance of the FPSO BW Adolo to its subsidiary BW Energy Gabon [1]. - Under an amended bareboat charter, BW Offshore retains ownership of the FPSO and will continue leasing it to BW Energy Gabon without O&M services, with a mutual put-and-call option on the FPSO for USD 100 million, exercisable in 2028 [2]. Group 2: Leadership Statements - Marco Beenen, CEO of BW Offshore, emphasized that the transfer of operational control is a natural progression due to BW Energy's growing presence in Gabon and their ability to capture efficiencies [3]. - Carl K. Arnet, CEO of BW Energy, stated that assuming full O&M responsibility will enable BW Energy Gabon to optimize field performance and achieve additional synergies across the Dussafu hub [3]. Group 3: Operational Performance - Both companies expressed gratitude to the personnel who have maintained BW Adolo safely and efficiently over the past seven years, highlighting the expectation of strong operational performance under BW Energy's leadership [4]. - The FPSO BW Adolo has been deployed on the Dussafu Marin license offshore Gabon, where it has been producing safely since first oil in 2018 [4].

Company Overview - BW Offshore Limited is an engineering company that specializes in innovative floating production solutions, with a fleet of 2 Floating Production Storage and Offloading (FPSO) units and ambitions for growth [1] - The company has approximately 1,100 employees and is publicly listed on the Oslo Stock Exchange [1] Annual General Meeting (AGM) Details - The 2025 Annual General Meeting of BW Offshore Limited is scheduled for 28 May 2025 at 2:00 p.m. Bermuda time, to be held at 18 Rebecca Road, Southampton, SN04, Bermuda [1] - Attached documents related to the AGM include the Notice of the 2025 AGM, Form of Proxy, Chairman's Letter, and Recommendation from the Nomination Committee [4][5] Contact Information - For further inquiries, Ståle Andreassen, CFO, can be contacted at +47 91 71 86 55 or via email at IR@bwoffshore.com [1]

Core Viewpoint - BW Offshore Limited has approved new awards under its Long-Term Incentive Programme (LTIP) for 2025, which includes Share Options and Restricted Share Units (RSUs) to align employee interests with those of shareholders [1][2]. Summary by Sections Long-Term Incentive Programme (LTIP) - The LTIP for 2025 includes a total of 800,000 options, each granting the right to acquire one BW Offshore share [2]. - The programme is discretionary, with annual invitations extended to participants [1]. Option Details - The strike price for the options is set at NOK 32.19, calculated based on the volume weighted average share price from five trading days prior to the grant date, plus a 15.76% premium [3]. - Options have a vesting period of three years, followed by a three-year exercise period, and will expire six years after the award date [3]. Conditions and Awards - Options are non-tradable and contingent upon the holder's employment status with the company [4]. - In 2025, 92,400 RSUs were awarded to 18 employees, which will be settled in shares after a three-year vesting period [4]. Key Executives and Awards - Chief Executive Officer Marco Beenen received 300,000 options, while other executives received varying amounts, including: - Chief Financial Officer Ståle Andreassen: 100,000 options - Chief Commercial Officer Mona Rajoo: 100,000 options - Chief Technical Officer Mike McAreavey: 100,000 options - Chief Strategy Officer Anders S. Platou: 100,000 options - General Counsel Ming Yen Yip: 100,000 options [4]. Company Overview - BW Offshore specializes in innovative floating production solutions and operates a fleet of three Floating Production Storage and Offloading (FPSO) units, with aspirations for growth [5]. - The company has approximately 1,100 employees and is publicly listed on the Oslo Stock Exchange [5].