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28 November 2016: BW Offshore Limited (the "Company") hereby announces that
the Company's board of directors (the "Board of Directors") has resolved to
carry out a reverse share split of the Company's common shares (the "Reverse
Share Split"). The Reverse Share Split is carried out to ensure compliance by
the Company with section 2.4 of the Oslo Børs' continuing obligations
relating to the minimum market value of NOK 1.00 on issued shares.

The Reverse Share Split will comprise of a consolidation of the common shares
of the Company such that every 50 common shares in issue and authorized but
unissued of par value US$0.01 shall be consolidated into 1 common share of
par value US$0.50.

The Company will procure that all shareholders will receive a whole number of
common shares through an issue of fractions of common shares out of its
authorised, but unissued share capital in accordance the bye-laws of the
Company, in order to round up to the nearest whole number any and all
fractions of the common shares issued and outstanding following the Reverse
Share Split.

Information regarding key dates for the Reverse Share Split will be published
in a separate announcement.

For further information, please contact:

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

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

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: BW Offshore via Globenewswire

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