Offer Period - Reminder

NOT FOR PUBLIC DISTRIBUTION, DIRECTLY OR INDIRECTLY,

IN OR INTO THE UNITED STATES OF AMERICA, SOUTH

AFRICA, CANADA, AUSTRALIA OR JAPAN

Reference is made to the offer document dated 27 July

2010 (the "Offer Document") from BW Offshore Limited

("BW Offshore") regarding the voluntary exchange

offer (the "Offer") for all of the issued and

outstanding shares of Prosafe Production Public

Limited ("Prosafe Production") not currently owned,

directly or indirectly, by BW Offshore. Reference is

further made to the information memorandum and

supplemental document dated 16 September 2010

(the "Supplemental Document") and previous

announcements issued in connection with the Offer.

As announced on 16 September 2010, the acceptance

period for the Offer (the "Offer Period") expires

today (30 September 2010) at 17:30 CET.

In order for a Prosafe Production shareholder to

validly accept the Offer, a completed and signed

acceptance form must be received by Carnegie ASA

prior to expiry of the Offer Period, at the following

address:

Carnegie ASA

Stranden 1, Aker Brygge

P.O. Box 684 Sentrum

NO-0106 Oslo, Norway

Telefax: +47 22 00 99 60

The Offer Document, including the acceptance form, is

available at www.bwoffshore.com and www.carnegie.no.

For further information, please contact:

Carl K. Arnet, CEO BW Offshore, +65 9630 3290

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

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 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.

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