1.	INTRODUCTION

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. 

The Board has resolved to settle all outstanding share options prior to the
Offer. The option holders will receive a cash amount equal to the difference
between the exercise price for their various options and the cash consideration
under the Offer of NOK 24 per Share.

A copy of the Offer Announcement is attached to this announcement. Shareholders
are advised to refer to the full text of the Offer Announcement for, inter alia,
the principal terms of the Offer. For the avoidance of doubt, the Company and
the Board assume no responsibility for the accuracy and correctness of the
contents of the Offer Announcement.

2.	OFFER DOCUMENT 

According to the Offer Announcement, the offer period for the Offer will
commence following the publication of an offer document to be prepared by Web
Holding Limited (the "Offer Document"), and is estimated to commence on or about
09:00 (CEST) on 23 October 2023 and end at 16:30 (CET) on 20 November 2023.
Settlement of the Offer is expected to take place within 29 November 2023.

The Offer Document will set out the terms and conditions of the Offer and
enclose the appropriate form(s) of acceptance.

3.	INDEPENDENT FINANCIAL ADVISER/LETTER TO SHAREHOLDERS 

The directors who are considered independent of the Offer (the "Independent
Directors") have appointed an independent financial adviser ("IFA"), Pareto
Securities AS, to advise the Independent Directors for the purpose of making a
recommendation to Shareholders in respect of the Offer. The Independent
Directors have inter alia based on advice from the IFA concluded to recommend
the Offer. 

A letter to Shareholders from the Company containing, inter alia, the advice of
the IFA and the full recommendation of the Independent Directors in respect of
the Offer will be annexed to the Offer Document.

In the meantime, Shareholders are advised to exercise caution when dealing in
their Shares of the Company and to refrain from taking any action in respect of
their Shares in the Company which may be prejudicial to their interests, until
they or their professional advisers have considered the information and the
recommendation of the Independent Directors as well as the advice of the IFA set
out in the Offeree Circular to be issued by the Offeror in due course.
Shareholders who are in doubt as to the action they should take should consult
their stockbroker, bank manager, solicitor or other professional advisers.

4.	DIRECTORS' RESPONSIBILITY STATEMENT

The Directors (including those who have delegated detailed supervision of this
announcement) have taken all reasonable care to ensure that the facts stated and
all opinions expressed in this announcement are fair and accurate and no
material facts have been omitted from this announcement, and they jointly and
severally accept responsibility accordingly. 

Where any information has been extracted or reproduced from published or
otherwise publicly available sources (including, without limitation, the Offer
Announcement), the sole responsibility of the Directors of the Company has been
to ensure, through reasonable enquiries, that such information is accurately and
correctly extracted from such sources or, as the case may be, accurately
reflected or reproduced in this announcement.

BY ORDER OF THE BOARD
Andreas Sohmen Pao
Chairman 
9 October 2023

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