BW LPG (BWLPG.OL) Enters Agreement to Sell Two Large Gas Carriers

SINGAPORE,Nov. 5,2019 -- BW LPG Limited ("BW LPG",the "Company",OSE ticker code: "BWLPG.OL")has entered into aMemorandum of Agreement (MOA)to sellthe remaining two Large Gas Carriers (LGCs) in the fleet.BW Nantes and BW Nice,both built in 2003andwithacarrying capacity of 59,400cbmeach,will be delivered within Q1 2020. The sale is expected to generate approximately US$31 million in liquidity and an expected net book gain of US$9 million.

The remaining owned and operatingfleetis47VLGCs,including 2 newbuildings whichare scheduled to be delivered inQ42019 and Q1 2020. The average ageof the fleet,excludingthe IndiaJV and the storage vessel,is7.5 years.

About BW LPG

BW LPG is the world's leading owner and operator of LPG vessels,owning and operating Very Large Gas Carriers (VLGC) and Large Gas Carriers (LGC) with a total carrying capacity of over 4 million cbm. With four decades of operating experience in LPG shipping and experienced seafarers and staff,BW LPG offers a flexible and reliable service to customers. More information about BW LPG can be found at www.bwlpg.com.

BW LPG is associated with BW Group,one of the world's leading shipping groups. BW's controlled fleet of over 400 ships includes oil tankers,LNG and LPG carriers,floating storage and regasification (FSRU) units,chemical tankers,dry cargo carriers and floating production storage and offloading (FPSO) units.

This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.