Dorian LPG Ltd. Announces Launch
of Initial Public Offering

Stamford, Connecticut - April 28, 2014

Dorian LPG Ltd. (“Dorian LPG” or the “Company”) today announced the commencement of its underwritten initial public offering of 7,105,263 common shares. The initial public offering price is expected to be between $18.00 and $20.00 per share. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 1,065,789 common shares to cover over-allotments.

Dorian LPG has been approved to list its common shares on the New York Stock Exchange under the ticker symbol “LPG”.

The Company intends to use the net proceeds from the offering to partly finance the construction of 19 Very Large Gas Carriers (VLGCs) being built in two Korean shipyards.

J.P. Morgan and UBS Investment Bank are acting as lead book-running managers for the offering. Clarkson Capital Markets and Wells Fargo Securities are acting as joint bookrunners in the offering. DNB Markets and Tudor, Pickering, Holt & Co. are acting as Senior Co-Managers and ABN AMRO, Arctic Securities, DVB Capital Markets and Fearnley Securities are acting as Co-Managers in the offering.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering of these securities is being made only by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933. A preliminary prospectus related to the offering has been filed with the Securities and Exchange Commission. Copies of the preliminary prospectus may be obtained from J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by telephone at (866) 803-9204; or UBS Investment Bank, 299 Park Avenue, New York, NY 10171, Attn: Prospectus Department, telephone: (888) 827-7275.



About Dorian LPG Ltd.
Dorian LPG is a liquefied petroleum gas shipping company and a leading owner and operator of modern VLGCs. Dorian LPG currently owns and operates three modern VLGCs and one pressurized LPG vessel. In addition, Dorian LPG now has 19 ECO VLGC newbuildings under construction. Dorian LPG has offices in Connecticut, USA, London, United Kingdom and Piraeus, Greece.

Dorian LPG Ltd. press release