BW Gas Ltd

BW Gas Ltd (OSL:BWGAS) (Hamilton, Bermuda, 13 November 2008) Highlights - Relatively stable TC earnings for the VLGC and LGC segments - Decreasing TC earnings for the MGC segment - LNG long-term timecharters continue to provide a reliable cash flow - One newbuilding VLGC delivered and one second-hand VLGC bought - One LGC sold - VLGC and MGC pools terminated in September - BW Gas Ltd listed on the Oslo Stock Exchange - Right-sizing effected in the shore based organization

BW Gas Ltd (OSL:BWGAS) (Hamilton, Bermuda, 30 September 2008)