BW Gas Limited has one class of shares. Each share carries one vote and all shares are freely transferable.

All shareholders shall be treated on an equal basis, and shall not be treated differently unless it is in the company’s and the shareholders’ common interest. Any transaction BW Gas carries out in its own shares shall be conducted either through the stock exchange or at prevailing stock exchange prices if carried out in any other way. If there is limited liquidity in the company’s shares, the company shall consider other ways to ensure equal treatment of all shareholders.