Mandatory notification of trades

The following insiders of BW Offshore Limited have on Friday 1 March 2013 purchased shares in BW Offshore Limited.

Carl K. Arnet, CEO in BW Offshore, purchased 250,000 shares at NOK 6.30 per share through his privately held company Kolbjørn Invest II AS. A close associate of Carl K. Arnet purchased 40,000 shares at NOK 6.30 per share. Following these transactions, Mr. Arnet and his close associates, directly and indirectly, hold 6,773,081 shares in BW Offshore Limited.

Knut R. Sæthre, CFO in BW Offshore, purchased 100,000 shares at NOK 6.30 per share. Following this transaction, Mr. Sæthre holds 595,468 shares in BW Offshore Limited.

Kristian Flaten, VP IR & Corporate Finance in BW Offshore, purchased 25,000 shares at NOK 6.29 per share. Following this transaction, Mr. Flaten holds 75,000 shares in BW Offshore Limited.

For further information, please contact:
Kristian Flaten, Vice President IR and Corporate Finance, +47 9509 2322

About BW Offshore:
BW Offshore is a leading global provider of floating production services to the oil and gas industry. BW Offshore is the world's second largest contractor with a fleet of 14 FPSOs and 1 FSO represented in all major oil regions world-wide. BW Offshore has a long track record on project execution and operations, as well as a robust balance sheet and strong financial capabilities. In more than 30 years of production, BW Offshore has executed 37 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.