BW Offshore Partially Buys Back Senior Unsecured Convertible Bonds For Cancellation

BW Offshore Ltd BWO:

• PARTIAL REPURCHASE OF SENIOR UNSECURED CONVERTIBLE BONDS DUE 2024

• HAS REPURCHASED BONDS WITH AGGREGATE PRINCIPAL AMOUNT OF USD 12 MILLION IN ITS USD 297,400,000 SENIOR UNSECURED CONVERTIBLE BONDS DUE 2024 FOR CANCELLATION

• FOLLOWING CANCELLATION, PRINCIPAL AMOUNT OUTSTANDING UNDER BOND LOAN WILL BE USD 236,800,000