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Dividend information

Reference is made to the Q3 2011 report released on 18 November 2011. The Board of Directors of BW Offshore Limited has declared a cash dividend of USD 0.04 per share for Q3 2011. BW Offshore Limited will be trading ex-dividend of USD 0.04 per share as from and including 8 December 2011.

The record date is 12 December 2011, and the dividend will be payable on or about 22 December 2011.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.