Mandatory notification of trade

(Bermuda, 23 April 2010): Knut R. Sæthre, Chief Financial Officer in BW Offshore

Limited, has today transferred 257,285 shares in BW Offshore Limited from KRS

Invest Ltd to his private VPS account. The transaction was undertaken at NOK

10.24 per share. Mr. Sæthre's total investment in BW Offshore Limited remains

unchanged after this transaction.

BW Offshore is one of the world`s leading FPSO contractors and a market leader

within advanced offshore loading and production systems to the oil and gas

industry. BW Offshore has more than 27 years' experience and has successfully

delivered 14 FPSO projects and 50 turrets and offshore terminals. BW Offshore's

technology division APL has delivered solutions for production vessels, storage

vessels and tankers in a wide range of field developments. Adapting through

competence, in-house technology, solid project execution and operational

excellence, BW Offshore ensures that customer needs are met through versatile

solutions for offshore oil and gas projects. BW Offshore has a global network

with offices in Europe, Asia Pacific, West Africa and the Americas. BW Offshore

has 1,100 employees and is listed on the Oslo Stock Exchange. For more

information, please visit www.bwoffshore.com and www.apl.no

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#1407423]

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