Energy SpA

BW Energy: Mandatory notifications of trade by primary insiders and close associates

BW Energy: Mandatory notifications of trade by primary insiders and close

associates

BW Group Limited, a close associate of Andreas Sohmen-Pao, Chairman of the board

of directors of BW Energy Limited ("BWE"), has today subscribed for 30,000 bonds

in BWE's bond issue with ISIN NO 0013259663 (the "Bond Issue") at a price of USD

1,000 per bond. Following this transaction, BW Group holds 30,000 bonds in the

Bond Issue (equal to an aggregate nominal value of USD 30,000,000).

Further, Carl K. Arnet, CEO of BWE, has today subscribed for 2,000 bonds in the

Bond Issue at a price of USD 1,000 per bond. Following this transaction, Arnet

holds 2,000 bonds in the Bond Issue (equal to an aggregate nominal value of USD

2,000,000).

Please see attachment for further details.

For further information, please contact:

Knut R. Sæthre, CFO BW Energy, +47 91 11 78 76 or [email protected]

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 in, 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 580 million barrels of oil equivalents at the

start of 2024.

This information is published in accordance with the disclosure requirements in

Regulation EU 596/2014 (MAR) article 19, section 5-12 of the Norwegian

Securities Trading Act, and the Oslo Rule Book II.

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