HIGHLIGHTS AND SUBSEQUENT EVENTS – Q3 2024 • Q3 2024 profit attributable to equity holders of the Company ended at US$104.7 million or an earnings per share of US$0.79 or NOK8.30. • TCE income – Shipping Q3 2024 concluded at US$46,820 per available day1 and US$46,520 per calendar day (total)1 . • Entered into agreements to acquire 12 modern VLGCs from Avance Gas Holdings Ltd. ("Avance Gas") for a total consideration of US$1,050.0 million, which will be partially funded through the issuance of 19.282 million new BW LPG shares to Avance Gas. - Deposit of US$82.2 million paid into escrow during the quarter - Delivery of the Avance Gas vessels commenced 1 November and a total of nine ships are expected to be delivered before last trading date 11 December 2024 - The nine ships represent a share issuance of 14.6 million shares, increasing the total shares outstanding eligible for Q3 dividend from 132 million to 146.4 million. When all twelve ships are delivered, total shares outstanding will amount to 152.7 million • Exercised the purchase option for BW Kizoku for a consideration of US$69.8 million with an estimated delivery in January 2025. • The Company declared a Q3 2024 cash dividend of US$0.42 per share, which translates to a 53% and 100% payout ratio as a percentage of total profit attributable to equity holders and shipping profit2 attributable to equity holders for the quarter respectively. • The Company signed a new seven-year US$460 million Revolving Credit Facility at a competitive margin in November 2024 and voluntarily prepaid as well as cancelled the US$400 million facility in October 2024. • Entered into an agreement to sell BW Cedar in November 2024 with an estimated delivery in Q1 2025. The sale is priced at approximately US$65.0 million and is expected to generate a net book gain of approximately US$33.0 million