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Odfjell Drilling Ltd: Reports for the first quarter of 2017

31.05.2017

- Operating revenue of USD 148 million
- EBITDA of USD 55 million
- EBIT of USD 14 million
- Net loss of USD 7 million

Odfjell Drilling reports the following material events:

- Deepsea Stavanger received a conditional letter of award for work in South
  Africa
- Secured additional work for Deepsea Bergen
- Participation in the Deepsea Metro I financial restructuring 
   
Please see the attached report for the first quarter of 2017.

For further queries, please contact:

Investor Relations:
Eirik Knudsen, Vice President Corporate Finance & Investor Relations
+47 934 59 173 / eikn@odfjelldrilling.com

Hamilton, Bermuda
31 May 2017
Odfjell Drilling Ltd.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.