MANDATORY NOTIFICATION OF TRADE

07 September 2016: CEO of BW Offshore, Carl K. Arnet, purchased yesterday 8,862,592 shares in BW Offshore Limited at NOK 0.32 per share. Following this transaction, Mr. Arnet and his close associates holds 114,019,018 shares in BW Offshore Limited.

CFO of BW Offshore, Knut R. Sæthre, purchased yesterday 163,197 shares in BW Offshore Limited at NOK 0.32 per share. Following this transaction, Mr. Sæthre holds 11,000,000 shares in BW Offshore Limited.

For further information, please contact:

IR@bwoffshore.com

About BW Offshore:

BW Offshore is a leading global provider of floating production services to the oil and gas industry. BW Offshore is the world's second largest contractor with a fleet of 14 FPSOs represented in all major oil regions world-wide. BW Offshore has a long track record on project execution and operations. In more than 30 years of production, BW Offshore has executed 38 FPSO and FSO projects. The company is listed on the Oslo Stock Exchange. Further information is also available on www.bwoffshore.com