Invitation to presentation

BW Offshore invites analysts, investors and media to a presentation in

connection with the Voluntary Exchange Offer for Prosafe Production on Monday

21 June at 10:00 (CET) at the Carnegie Conference Center, Stranden 1B, Aker

Brygge, Oslo, Norway.

The presentation will be webcast live on BW Offshore's web page

www.bwoffshore.com

The Offer will not be made in any jurisdiction in which the making of the Offer

would not be in compliance with the laws of such jurisdiction. This notification

does not in itself constitute an offer. The Offer will only be made on the basis

of the offer document and can only be accepted pursuant to the terms of such

document. In the United States, the Offer will only be made and the

consideration shares will only be offered to Prosafe Production shareholders who

are "qualified institutional buyers" as defined in Rule 144A under the U.S.

Securities Act of 1933, as amended (the "U.S. Securities Act") in transactions

not involving any public offering within the meaning of the U.S. Securities Act.

This announcement is not an offer for sale of any securities in the United

States. Securities may not be offered or sold in the United States absent

registration or an exemption from registration under the U.S. Securities Act. BW

Offshore Limited has not registered and does not intend to register any portion

of any offering of shares in the United States or to conduct a public offering

of any securities in the United States.

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

(Norwegian Securities Trading Act)

[HUG#1425539]

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