Energy SpA

BW Energy: Mandatory Notification of Trade

BW Energy - Mandatory Notification of Trade

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

21 November 2024 at an average price of NOK 22.33 per share. Following this

transaction, Arnet holds 3,916,010 shares in BW Energy Limited.

For further information, please contact:

Brice Morlot, CFO BW Energy, +33.7.81.11.41.16

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 licence offshore

Gabon, 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in

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

interest in the Kudu field in Namibia, all operated by BW Energy. In addition,

BW Energy holds approximately 6.6% of the common shares in Reconnaissance Energy

Africa Ltd. and a 20% non-operating interest in the onshore Petroleum

Exploration License 73 ("PEL 73") in Namibia. Total net 2P+2C reserves and

resources were 580 million barrels of oil equivalent at the start of 2024.

This information is subject to the disclosure requirements in the Market Abuse

Regulation article 19 and section 5-12 of the Norwegian Securities Trading Act.

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