J. Lauritzen A/S, Cavenham Public Growth, Local Resources Ltd., Lytra Holdings S.A. and Nicholas Lykiardopulo made an offer to acquire the remaining stake in BW Epic Kosan Ltd. (OB:BWEK) for NOK 350 million on October 9, 2023. As of October 26 Buyers have received valid acceptances amounting to approximately 58.0% of the total number of Shares, and this includes acceptances received from Odfjell SE and BW Group Limited, pursuant to their respective Irrevocable Undertakings, amounting to approximately 54.1% of the total number of Shares. Transaction is expected to complete on November 20, 2023.

Wilhelm Alwén, Ole G. Stenhagen, Jon Kaznelson, Frederik Jespersen, Kristoffer Visbjerg, Philip Grimsgaard, Philip Nyhegn, Kristin Norberg and William Arnt of Skandinaviska Enskilda Banken Ab (publ) Oslofilialen Norsk Avdeling Av Utenlandsk Foretak acted as Financial advisor and Advokatfirmaet Thommessen AS acted as Legal advisor to J. Lauritzen A/S, Cavenham Public Growth, Local Resources Ltd. and Lytra Holdings S.A. , Advokatfirmaet Schjødt As acted as legal advisor, Pareto Securities AS acted as Financial advisor and Skandinaviska Enskilda Banken Ab (publ) Oslofilialen Norsk Avdeling Av Utenlandsk Foretak served as Transfer agent to BW Epic Kosan Ltd.