BW Offshore: Andreas Sohmen-Pao elected as new Chairman of BW Offshore Limited

Dr Helmut Sohmen has announced his retirement effective 20 November 2014 as Chairman of the Board of BW Offshore Limited. Dr Sohmen has been Chairman of the Board of BW Offshore Limited since 2005. Andreas Sohmen-Pao has at the same time been elected as the new Chairman of BW Offshore Limited.

Mr Carsten Mortensen has been announced as a member of the Board of Directors in BW Offshore Limited and he will assume this role with effect from 1 January 2015. Mr Mortensen has previously been announced as Group CEO of BW Group and he will take up this role from 1 April 2015. Mr Mortensen was previously CEO of Dampskibsselskabet NORDEN, following a long career in NORDEN and Maersk.

The Board of Directors of BW Offshore Limited now consists of the following Directors:

BW Group Limited owns 49.7% of the shares in BW Offshore Limited.

Please also refer to the attached press release from BW Group.

For further information, please contact:

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

Kristian Flaten, Vice President IR and Corporate Finance, +47 9509 2322

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 and 1 FSO represented in all major oil regions world-wide. The company also operates additional 2 FPSOs. BW Offshore has a long track record on project execution and operations, as well as a robust balance sheet and strong financial capabilities. In more than 30 years of operation, 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

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)