Bw Offshore Ltd. — AGM Information 2026

Apr 22, 2026

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RECOMMENDATIONS FROM THE NOMINATION COMMITTEE OF BW OFFSHORE LIMITED (THE "COMPANY") TO THE ANNUAL GENERAL MEETING TO BE HELD ON 14 MAY 2026

NOMINATION COMMITTEE'S MANDATE AND COMPOSITION

The mandate of the Nomination Committee of BW Offshore Limited is outlined in the Nomination Committee Guidelines adopted by the General Meeting of the Company held on 23 May 2024.

The Nomination Committee currently comprises Ms. Elaine Yew Wen Suen (Chair), Mr. Bjarte Bøe and Ms. Alicia Yik Jie Ting. A description of the profiles of the members of the Nomination Committee can be accessed at the Company’s website at https://www.bwoffshore.com/about-us/leadership/.

THE WORK OF THE NOMINATION COMMITTEE

The Nomination Committee has met once since the Annual General Meeting of the Company in May 2025 and has in addition, relied on e-mail and telephone conversations to conclude its work. It has received the Board of Directors’ performance evaluation for 2025 and used this, and dialogue with members of the Board, as input in its review of the functioning of the Board of Directors, and to identify any potential competence gaps.

In its assessment of the Board composition, the Nomination Committee has taken account of views expressed therein while at the same time seeking to comply with the considerations set out in the Norwegian Code of Practice for Corporate Governance concerning the composition of the Board of Directors.

The Nomination Committee acknowledges that the interests of the Company are best served by having a broadly based Board of Directors, with reference to experience, background and competencies. The Nomination Committee has not identified any specific experience or capability gaps with the current Board composition.

BOARD COMPOSITION AND REMUNERATION – NOMINATION COMMITTEE'S RECOMMENDATION

The Company's Board of Directors currently consists of the following Directors, and their profiles are presented on the Company’s webpage:

• Mr. Andreas Sohmen-Pao (Chair)
• Mr. Maarten R Scholten (Board member)
• Ms. Rebekka Glasser Herlofsen (Board member)
• Mr. René Kofod-Olsen (Board member)
• Mr. Cornelis van Seventer (Board member)

BW Offshore Limited
c/-Inchona Services Limited, Washington Mall Phase 2, 4th Floor, Suite 400, 22 Church Street, HM 1189, Hamilton, Pembroke, HM EX, Bermuda
Tel: (441) 295-3770
Fax: (441) 295-3801
www.bwoffshore.com

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In connection with the Annual General Meeting of the Company to be held on 14 May 2026, the Nomination Committee submits the following unanimous proposals:

1. Election of Directors

The Nomination Committee proposes that the following Directors, being eligible and having consented to act, be re-elected until the Annual General Meeting of the Company to be held in 2027:

Director:	Period:
Mr. Andreas Sohmen-Pao (Chair)	1 year
Mr. Maarten R Scholten (Board member)	1 year
Ms. Rebekka Glasser Herlofsen (Board member)	1 year
Mr. René Kofod-Olsen (Board member)	1 year
Mr. Cornelis van Seventer (Board member)	1 year

The Directors have confirmed their candidacy for re-election.

As the majority of the Board is made up of independent directors, the Nomination Committee is of the opinion that there are adequate safeguards in place to prevent an uneven concentration of power, authority and decision making in a single individual. In addition, the Nomination Committee notes that the Company has established four Board committees, which are chaired by or comprise of independent members, to help ensure more independent preparation of matters for discussion by the Board.

1. Board Remuneration

The Nomination Committee proposes the following Board remuneration for the period from the date of the Annual General Meeting in 2026 until the Annual General Meeting in 2027:

Board
Chair of the Board	USD 80,000
Other Board members	USD 65,000
Audit Committee
Supplement for Chair of the Audit Committee	USD 10,000 plus an additional travel fee of USD 2,500 per meeting, if applicable.
Supplement for other members of the Audit Committee	USD 5,000 plus an additional travel fee of USD 2,500 per meeting, if applicable.
Compensation Committee
Supplement for Chair of the Compensation Committee	USD 10,000
Supplement for other members of the Compensation Committee	USD 5,000
Technical and Commercial Committee
Supplement for Chair of the Technical and Commercial Committee	USD 10,000 plus an additional travel fee of USD 2,500 per meeting, if applicable.
Supplement for other members of the Technical and Commercial Committee	USD 5,000 plus an additional travel fee of USD 2,500 per meeting, if applicable.

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NOMINATION COMMITTEE REMUNERATION - NOMINATION COMMITTEE'S RECOMMENDATION

1. Remuneration to Members of the Nomination Committee

The Nomination Committee proposes that the remuneration to the members of the Nomination Committee for the period from the date of the Annual General Meeting in 2026 until the Annual General Meeting in 2027 remains at USD 2,500 for each member, including the Chair.

Singapore, 22 April 2026

On behalf of the Nomination Committee

Elaine Yew Wen Suen

Chair of the Nomination Committee