BW LPG Limited: Management Share Option Plan “LTIP 2022” – Award and Exercise of Share Options (Form 6-K)

BW LPG Limited: Management Share Option Plan "LTIP 2022" - Award and Exercise of Share Options

Singapore, 6 March 2026

On 3 March 2026, the Board of Directors of BW LPG Limited ("BW LPG" or the "Company", OSE ticker code: "BWLPG.OL", NYSE ticker code "BWLP) has approved the award of share options to senior management and certain employees of the Company.

This is the final annual award of share options under the five-year long-term management share option plan ("LTIP 2022") which was launched on 1 March 2022. The options are awarded in connection with the publication of the quarterly report for Q4 2025 and the total number of options that are awarded in 2026 is 506,631.

On 4 March 2026, certain primary insiders have exercised vested share options. The exercised options will be settled by the Company by transfer of treasury shares which the Company has bought in the market for this purpose. Following the transfer, the Company will hold 7,467,396 treasury shares.

Please find more details as described below and in the attached forms.

Kristian Sorensen, Chief Executive Officer
Options granted in 2026: 220,647
Options (granted on 28 February 2023) exercised, each having a strike price of NOK 32.192: 120,647
Options (granted on 1 October 2023) exercised, each having a strike price of NOK 85.907: 100,000

Samantha Xu, Chief Financial Officer
Options granted in 2026: 85,000

Prodyut Banerjee, Chief Operations Officer
Options granted in 2026: 50,812
Options (granted in 2023) exercised, each having a strike price of NOK 32.192: 50,812

Knut-Helge Knutsen, Chief Technical Officer
Options granted in 2026: 50,812
Options (granted in 2023) exercised, each having a strike price of NOK 32.192: 50,812