Energy SpA - Director's Dealing 2023

BW Energy: Mandatory notification of trade

Mandatory notification of trade

Carl K. Arnet, CEO of BW Energy Limited ("BWE"), bought 60 000 shares in BWE

on Aug 31st at an average price of NOK 25.04 per share. Following this

transaction, Arnet holds 3,881,085 shares in BW Energy Limited.

For further information, please contact:

Knut R. Sæthre, CFO BW Energy, +47 91 11 78 76

About BW Energy:

BW Energy is a growth E&P company with a differentiated strategy targeting

proven offshore oil and gas reservoirs through low risk phased developments. The

Company has access to existing production facilities to reduce time to first oil

and cashflow with lower investments than traditional offshore developments. The

Company's assets are 73.5% of the producing Dussafu Marine Permit offshore

Gabon, 100% interest in the Golfinho and Camarupim fields in Brazil, a 65%

interest in the BM-ES-23 block in Brazil, a 95% interest in the Maromba field in

Brazil and a 95% interest in the Kudu field in Namibia, all operated by BW

Energy. Total net 2P+2C reserves and resources were 546 million barrels of oil

equivalent at the start of 2023, when including the Golfinho Cluster.

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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