Dividend information

Reference is made to the Q2 2011 report released on 30 August 2011. The Board of Directors of BW Offshore Limited has declared a cash dividend of USD 0.04 per share for Q2 2011. BW Offshore Limited will be trading ex-dividend of USD 0.04 per share as from and including 8 September 2011.

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

About BW Offshore:

BW Offshore is a leading global provider of floating production services to the oil and gas industry. With the acquisition of Prosafe Production in 2010, the company has become the world's second largest contractor with a fleet of 15 FPSOs and 2 FSOs represented in all major oil regions world-wide. BW Offshore has an excellent track record on project execution and operations, as well as a robust balance sheet and strong financial capabilities. In 30 years of production, BW Offshore has successfully executed more than 30 FPSO and FSO projects. The company is listed on the Oslo Stock Exchange. Further information is also available on www.bwoffshore.com

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