Voluntary Unconditional General Offer by Web Holding Limited for all the Issued and Paid-up Outstanding Shares in the capital of BW Epic Kosan Ltd.

The board of directors (the Board ) of BW Epic Kosan Ltd. (the Company) wishes to inform the shareholders of the Company (the Shareholders) that Web Holding Limited (the Offeror), has on 9 October 2023 issued an announcement (the Offer Announcement) stating, inter alia, that the Offeror intends to make a voluntary and unconditional general offer (the Offer) for all the issued and paid-up outstanding shares (the Shares) in the capital of the Company. Web Holding Limited is a company incorporated under the laws of Bermuda by the Company’s shareholders J. Lauritzen A/S, Cavenham Public Growth, Local Resources Ltd., Lytra Holdings S.A. and Nicholas Lykiardopulo for the purpose of making the Offer.