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Oslo, 23 October 2023 - Web Holding Limited (the "Offeror") and BW Epic Kosan
Ltd. (the "Company") refer to the announcement ("Offer Announcement") made by
the Offeror on 9 October 2023, in connection with the recommended voluntary
unconditional general offer (the "Offer") to acquire all outstanding issued
ordinary shares ("Shares") in the Company (collectively, the "Offer Shares" and
each, an "Offer Share") and the announcement dated 9 October 2023 issued by the
Company in response to the Offer Announcement and in relation to its appointment
of Pareto Securities AS as the independent financial adviser (the "IFA") to
advise the directors of the Company who are considered independent for the
purposes of the Offer (the "Independent Directors") in relation to the Offer.
The Offeror and the board of directors of the Company (the "Company Directors"
or the "Board") wish to jointly announce that the Composite Document dated 23
October 2023 has been issued to the shareholders of the Company ("Shareholders")
and that the offer period will commence today.
The Composite Document comprises, amongst other things, the following:
(a) the formal offer document ("Offer Document") issued on the date hereof by
the Offeror in relation to the Offer, together with the acceptance form in
relation to the Offer ("Acceptance Form")