Bw Offshore Ltd. — Director's Dealing 2010

Jun 22, 2010

Mandatory notification of trades

(Bermuda, 22 June 2010): The following insiders of BW Offshore Limited have

today purchased shares in BW Offshore Limited at a price of NOK 9.28 per share.

Carl K. Arnet, Chief Executive Officer, has purchased 100,000 shares through his

private held company Kolbjørn Invest II AS. Following this transaction, Mr.

Arnet directly and indirectly holds 5,872,139 shares in BW Offshore Limited.

Knut R. Sæthre, Chief Financial Officer, has purchased 25,000 shares. Following

this transaction, Mr. Sæthre directly and indirectly holds 282,285 shares in BW

Offshore Limited.

David Sverre, Executive Vice President Projects, has purchased 20,000 shares.

Following this transaction, Mr. Sverre holds 137,639 shares in BW Offshore

Limited.

Tom Arne Kristiansen, Executive Vice President Technology, has purchased 20,000

shares. Following this transaction, Mr. Kristiansen holds 118,006 shares in BW

Offshore Limited.

Erik Svendsen, Executive Vice President APL, has purchased 20,000 shares.

Following this transaction, Mr. Svendsen holds 95,830 shares in BW Offshore

Limited.

Johnny Duedahl, Senior Vice President Corporate Accounting has purchased 10,000

shares. Following this transaction, Mr. Duedahl holds 41,089 shares in BW

Offshore Limited.

Kristian Flaten, Vice President Finance and Investor Relations, has purchased

10,000 shares. Following this transaction, Mr. Flaten holds 28,139 shares in BW

Offshore Limited.

For further information, please contact:

Knut R. Sæthre, CFO BW Offshore, +47 9111 7876

About BW Offshore

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 25 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)

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