OW Bunker announces early closing of its offering and expected acceleration of the first day of trading

COMPANY ANNOUNCMENT
25 March 2014
No. 2/2014

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO
            THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN

This announcement is not a prospectus but an advertisement and nothing herein
contains an offering of securities. No one should purchase or subscribe for any
securities in OW Bunker A/S ("OW Bunker" or the "Company") except on the basis
of information in the prospectus published by OW Bunker in connection with the
potential offering and admission of such securities to trading and official
listing on NASDAQ OMX Copenhagen A/S ("NASDAQ OMX Copenhagen").

 OW Bunker announces early closing of its offering and expected acceleration of
                            the first day of trading

OW Bunker's offering of shares to retail investors in Denmark and institutional
investors both in Denmark and internationally, will close early because of the
strong interest and demand from investors. The offering was announced on 18
March 2014 in connection with the initial public offering and admission to
trading and official listing on NASDAQ OMX Copenhagen of shares in OW Bunker.

The offering for retail investors with orders up to and including DKK 3 million
will close tomorrow, Wednesday, 26 March 2014 at 5:01 pm CET. The early close
for retail investors is due to the demand from such investors having exceeded
their expected allocation of offer shares.

In addition, OW Bunker has also decided to close the offering for orders of more
than DKK 3 million on Thursday, 27 March 2014 at 1:00 pm CET.

Information about the result of the offer, including the final offer price and
allocation of shares is expected to be announced through NASDAQ OMX Copenhagen
no later than 8:00 am CET on 28 March 2014, allowing the admission to trading
and official listing on NASDAQ OMX Copenhagen to be moved forward to 28 March
2014. The shares will trade under the symbol "OW".

The offer shares are expected to be delivered on or about Wednesday, 2 April
2014 against payment in immediately available funds in DKK. The shares will be
issued under ISIN DK0060548386.


For further information, please contact:
Jim Pedersen, CEO, tel.: +45 9812 7277
For media enquiries:
Per Bech Thomsen, Group Communications, tel.: +45 3137 3133

This document and the information contained herein are not for distribution or
release, directly or indirectly, in or into the United States of America
(including its territories and possessions, any state of the United States of
America and the District of Columbia) (the "United States"), Australia, Canada
or Japan. This communication does not constitute, or form part of, an offer to
sell, or a solicitation of an offer to purchase, any securities in the United
States, Australia, Canada or Japan or in any jurisdiction in which any offer or
solicitation would be unlawful. The securities of OW Bunker A/S have not been
and will not be registered under the U.S. Securities Act of 1933 (the
"Securities Act") and may not be offered or sold within the United States absent
registration or an applicable exemption from, or in a transaction not subject
to, the registration requirements of the Securities Act.

This communication is not a prospectus for the purpose of directive 2003/71/EC
as amended (together with any applicable implementing measures in any member
State, the "Prospectus Directive"). The prospectus prepared pursuant to the
Prospectus Directive can be obtained from OW Bunker A/S' registered office and
website, with certain limitations. Investors should not purchase or otherwise
acquire any securities referred to in this communication except on the basis of
information contained in a prospectus.

In any EEA Member State, other than Denmark, that has implemented the Prospectus
Directive, this communication is only addressed to and is only directed at
qualified investors in that Member State within the meaning of the Prospectus
Directive.

This communication is only directed at (i) persons who are outside the United
Kingdom or (ii) to investment professionals falling within Article 19(5) of the
U.K. Financial Services and Markets Act 2000 (Financial Promotion) Order 2005
(the "Order") or (iii) high net worth entities falling within Article 49(2)(a)
to (d) of the Order or (iv) other persons to whom it may lawfully be
communicated (the persons described in (i) through (iv) above together being
referred to as "relevant persons"). The securities are only available to, and
any invitation, offer or agreement to purchase or otherwise acquire such
securities will be engaged in only with, relevant persons. Any person who is not
a relevant person should not act or rely on this document or any of its
contents.

Stabilisation/FCA
The Joint Global Coordinators, Joint Bookrunners and the Co-Lead Manager and
their affiliates are acting exclusively for OW Bunker A/S and the selling
shareholders and no-one else in connection with the contemplated IPO. They will
not regard any other person as their respective clients in relation to the
contemplated IPO and will not be responsible to anyone other than OW Bunker A/S
and the selling shareholders for providing the protections afforded to their
respective clients, nor for providing advice in relation to the contemplated
IPO, the contents of this communication or any transaction, arrangement or other
matter referred to herein.

In connection with the contemplated IPO, the Joint Global Coordinators, the
Joint Bookrunners and the Co-Lead Manager and any of their affiliates, acting as
investors for their own accounts, may purchase shares and in that capacity may
retain, purchase, sell, offer to sell or otherwise deal for their own accounts
in such shares and other securities of OW Bunker A/S or related investments in
connection with the contemplated IPO or otherwise. Accordingly, references in
the prospectus to the shares being offered, acquired, placed or otherwise dealt
in should be read as including any offer to, acquisition, placing or dealing by,
such Joint Global Coordinators, the Joint Bookrunners and the Co-Lead Manager
and any of their affiliates acting as investors for their own accounts. The
Joint Global Coordinators, the Joint Bookrunners and the Co-Lead Manager do not
intend to disclose the extent of any such investment or transactions otherwise
than in accordance with any legal or regulatory obligations to do so.

Matters discussed in this communication may constitute forward-looking
statements. Forward-looking statements are statements (other than statements of
historical fact) relating to future events and anticipated or planned financial
and operational performance and can be identified by words such as "targets",
"believes", "expects", "aims", "intends", "plans", "seeks", "will", "may",
"might", "anticipates", "would", "could", "should", "continues", "estimate" or
similar expressions. The forward-looking statements in this communication are
based upon various assumptions, many of which are based, in turn, upon further
assumptions. Although OW Bunker A/S believes that these assumptions were
reasonable when made, these assumptions are inherently subject to significant
known and unknown risks, uncertainties, contingencies and other important
factors which are difficult or impossible to predict and are beyond its control.
Such risks, uncertainties, contingencies and other important factors could cause
actual events to differ materially from the expectations expressed or implied in
this communication by such forward-looking statements.

The information, opinions and forward-looking statements contained in this
announcement speak only as at its date, and are subject to change without
notice.


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