Disclosure of Large Shareholding

5/23/2012 6:37 AM EST

In the name and on behalf of FMR LLC (the "Investment 
Manager") we hereby notify you pursuant to STA 
Chapter 4, Section 4-1 the following:

On 22 May 2012 the shares and rights to shares in BW 
Offshore Limited (the "Company") attributable to the 
Investment Manager crossed above the threshold of 
10%.  The threshold was crossed by means of buys of 
79,158 shares.  

As a consequence, the total shareholding deemed to be 
held is 68,857,779  which represents 10.01% of the 
shares outstanding and voting rights of the Company. 

The shares and rights to shares are owned by the 
funds listed on Schedule A (se attachment at 
[http://www.newsweb.no]) and are managed by the 
designated management companies which are 
undertakings controlled by the Investment Manager.