Notification of trade

(Bermuda, 16 June 2008) As part of BW Offshore's employee stock ownership program (ESOP), the following insiders have bought shares in BW Offshore Limited. The shares were bought on 13 June 2008 at a subscription price of NOK 14.02 per share. The maximum subscription per employee was 2,139 shares.

 

Svein Moxnes Harfjeld, CEO, has bought 2,139 shares. After this purchase, Mr. Harfjeld holds 348,872 shares in BW Offshore Limited.

 

Knut R. Sæthre, CFO, has bought 2,139 shares. After this purchase, Mr. Sæthre holds 137,285 shares in BW Offshore Limited, private and through KRS Invest Ltd.

 

Carl Krogh Arnet, President Business Development, has bought 2,139 shares. After this purchase, Mr. Arnet holds 5,602,139 shares in BW Offshore Limited.

 

Torfinn Buarøy, Director Operations, has bought 2,139 shares. After this purchase, Mr. Buarøy holds 38,006 shares in BW Offshore Limited.

 

Elisabeth Barstad Dehlie, Director Strategic Planning and Corporate Development, has bought 2,139 shares. After this purchase, Mrs. Barstad Dehlie holds 44,673 shares in BW Offshore Limited.

 

Tom Arne Kristiansen, Director Technical, has bought 2,139 shares. After this purchase, Mr. Kristiansen holds 28,006 shares in BW Offshore Limited.

 

Benedicte L. Barthold, General Manager HSSEQ and Risk Management, has bought 2,139 shares. After this purchase, Mrs. Barthold holds 14,451 shares in BW Offshore Limited.

 

Kristian Flaten, Manager Finance and Investor Relations, has bought 2,139 shares. After this purchase, Mr. Flaten holds 6,139 shares in BW Offshore Limited.

 

Hazel Lynne Arnott, PA, has bought 855 shares. After this purchase, Mrs. Arnott holds 855 shares in BW Offshore Limited.

 

 

Svein Moxnes Harfjeld, CEO BW Offshore, +47 4140 4886

Knut R. Sæthre, CFO BW Offshore, +47 9111 7876