
BW LPG Limited (&#34;BW LPG&#34; or the &#34;Company&#34;, OSE ticker code: &#34;BWLPG.OL&#34;, NYSE ticker code: &#34;BWLP&#34;) is pleased to announce that its 52%-owned subsidiary, BW LPG India, has entered into an

<p xmlns="http://www.w3.org/1999/xhtml">
BW LPG Limited ("BW LPG" or the "Company", OSE ticker code: "BWLPG.OL", NYSE ticker code: "BWLP") is pleased to announce that its 52%-owned subsidiary, BW LPG India, has entered into an agreement to sell the 2007-built BW Birch for continued trading.

</p><p xmlns="http://www.w3.org/1999/xhtml">
On a 100% basis, the sale of BW Birch is expected to generate a net book gain of approximately US$37 million and net cash proceeds of around US$64 million. The vessel is currently trading under a time charter agreement and is scheduled for delivery to the buyer by mid-November at the latest.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Kristian Sørensen, CEO of BW LPG, says "This transaction, at a value equivalent to a newbuilding price of approximately US$248 million and in line with the recently announced sale of BW Elm, reflects our continued execution of our fleet renewal programme and our ability to capitalize on strong second-hand market values."

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About BW LPG</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
BW LPG is the world’s leading owner and operator of LPG vessels, with a fleet of about 50 Very Large Gas Carriers (VLGCs), including over 20 vessels powered by LPG dual-fuel propulsion technology. Building on over five decades of LPG shipping experience, the company is strengthened by an in-house LPG trading division and the commercial expertise to explore investments in value chain assets. Together, these capabilities enable BW LPG to provide trusted and reliable services for sourcing and delivering LPG to customers worldwide. Delivering energy for a better world – more information about BW LPG can be found at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.bwlpg.com&amp;esheet=54594388&amp;newsitemid=20260825401481&amp;lan=en-US&amp;anchor=www.bwlpg.com&amp;index=1&amp;md5=3bf93aaf80cb6a552b212e4a2ff35bf8" shape="rect">www.bwlpg.com</a>.

</p><p xmlns="http://www.w3.org/1999/xhtml">
BW LPG is associated with BW Group, a leading global energy and maritime company involved in shipping, deepwater oil &amp; gas production, renewable energy and digital infrastructure. BW controls a fleet of over 400 vessels transporting oil, gas and dry commodities. In the infrastructure space, the group operates in wind, batteries, water, subsea cable networks and data centres. <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.bw-group.com&amp;esheet=54594388&amp;newsitemid=20260825401481&amp;lan=en-US&amp;anchor=www.bw-group.com&amp;index=2&amp;md5=525a59f763c199147e2a5b1113424b8b" shape="rect">www.bw-group.com</a>

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260825401481r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260825401481/en/" rel="nofollow">https://www.businesswire.com/news/home/20260825401481/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">For further information, please contact: 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br>Kristian Sørensen, CEO
<br xmlns="http://www.w3.org/1999/xhtml"></br>Samantha Xu, CFO
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:investor.relations@bwlpg.com" shape="rect">investor.relations@bwlpg.com</a>

</p>

BWLP

BW LPG Limited Announces Sale of BW Birch

BW LPG to sell BW Birch; adds $64m cash, $37m gain, supports fleet renewal

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>BW LPG Limited (&amp;#34;BW LPG&amp;#34; or the &amp;#34;Company&amp;#34;, OSE ticker code: &amp;#34;BWLPG.OL&amp;#34;, NYSE ticker code: &amp;#34;BWLP&amp;#34;) is pleased to announce that its 52%-owned subsidiary, BW LPG India, has entered into an</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>BW LPG announced the sale of BW Birch via its 52%-owned BW LPG India, generating about US$64 million in net cash and approximately US$37 million in net book gain. The deal mirrors the earlier BW Elm sale and underscores ongoing fleet renewal amid strong second-hand values. Proceeds improve BWLP&#039;s liquidity and capex flexibility in the near term.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>BW LPG India to sell BW Birch; net cash US$64m.</li><li>Net book gain US$37m on disposal; delivery by mid-November.</li><li>Sale value ~US$248m; aligns with BW Elm sale.</li><li>Fleet renewal progress; reflects strong second-hand market values.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>BW LPG Limited (BWLP)</strong>: Parent company; sale affects BWLP liquidity and capex planning.</li><li><strong>BW LPG India (N/A)</strong>: 52%-owned subsidiary executing the BW Birch sale; cash proceeds accrue to BWLP group.</li><li><strong>BW Birch (N/A)</strong>: 2007-built VLGC; being sold under time charter to buyer.</li><li><strong>BW Elm (N/A)</strong>: Previously announced sale; supports fleet-renewal narrative.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Corporate development through asset sale; reinforces BWLP&#039;s fleet-renewal and capital recycling strategy amid strong second-hand markets.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>US$64m net cash proceeds from BW Birch sale.</li><li>US$37m net book gain on disposal.</li><li>Sale value ~US$248m equivalent to newbuilding price.</li><li>Delivery by mid-November enables quick reinvestment.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>BW Birch built in 2007; sale by BW LPG India (52%-owned).</li><li>Net cash proceeds: US$64 million; net gain: US$37 million.</li><li>Delivery to buyer: by mid-November (latest).</li><li>Sale value: approx US$248 million, equivalent to newbuilding price.</li><li>BW Elm sale previously announced; fleet renewal program highlighted.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Near-term liquidity from the sale plus fleet-renewal momentum may modestly lift BWLP over the next 1–3 quarters.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml">
BW LPG Limited ("BW LPG" or the "Company", OSE ticker code: "BWLPG.OL", NYSE ticker code: "BWLP") is pleased to announce that its 52%-owned subsidiary, BW LPG India, has entered into an agreement to sell the 2007-built BW Birch for continued trading.

</p><p xmlns="http://www.w3.org/1999/xhtml">
On a 100% basis, the sale of BW Birch is expected to generate a net book gain of approximately US$37 million and net cash proceeds of around US$64 million. The vessel is currently trading under a time charter agreement and is scheduled for delivery to the buyer by mid-November at the latest.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Kristian Sørensen, CEO of BW LPG, says "This transaction, at a value equivalent to a newbuilding price of approximately US$248 million and in line with the recently announced sale of BW Elm, reflects our continued execution of our fleet renewal programme and our ability to capitalize on strong second-hand market values."

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About BW LPG</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
BW LPG is the world’s leading owner and operator of LPG vessels, with a fleet of about 50 Very Large Gas Carriers (VLGCs), including over 20 vessels powered by LPG dual-fuel propulsion technology. Building on over five decades of LPG shipping experience, the company is strengthened by an in-house LPG trading division and the commercial expertise to explore investments in value chain assets. Together, these capabilities enable BW LPG to provide trusted and reliable services for sourcing and delivering LPG to customers worldwide. Delivering energy for a better world – more information about BW LPG can be found at <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.bwlpg.com&amp;esheet=54594388&amp;newsitemid=20260825401481&amp;lan=en-US&amp;anchor=www.bwlpg.com&amp;index=1&amp;md5=3bf93aaf80cb6a552b212e4a2ff35bf8" shape="rect">www.bwlpg.com</a>.

</p><p xmlns="http://www.w3.org/1999/xhtml">
BW LPG is associated with BW Group, a leading global energy and maritime company involved in shipping, deepwater oil &amp; gas production, renewable energy and digital infrastructure. BW controls a fleet of over 400 vessels transporting oil, gas and dry commodities. In the infrastructure space, the group operates in wind, batteries, water, subsea cable networks and data centres. <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.bw-group.com&amp;esheet=54594388&amp;newsitemid=20260825401481&amp;lan=en-US&amp;anchor=www.bw-group.com&amp;index=2&amp;md5=525a59f763c199147e2a5b1113424b8b" shape="rect">www.bw-group.com</a>

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260825401481r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260825401481/en/" rel="nofollow">https://www.businesswire.com/news/home/20260825401481/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">For further information, please contact: 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br>Kristian Sørensen, CEO
<br xmlns="http://www.w3.org/1999/xhtml"></br>Samantha Xu, CFO
<br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:investor.relations@bwlpg.com" shape="rect">investor.relations@bwlpg.com</a>

</p>

BW LPG announced the sale of BW Birch via its 52%-owned BW LPG India, generating about US$64 million in net cash and approximately US$37 million in net book gain. The deal mirrors the earlier BW Elm sale and underscores ongoing fleet renewal amid strong second-hand values. Proceeds improve BWLP's liquidity and capex flexibility in the near term.

News insight

BW LPG Limited Announces Sale of BW Birch

AI summary

Sentiment rationale

Key facts

Corporate Developments