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Odfjell Drilling Ltd. reports for the first quarter of 2018


- Operating revenue of USD 175 million
- EBITDA of USD 56 million
- EBIT of USD 16 million
- Net loss of USD 7 million

Odfjell Drilling reports the following highlights in/after Q1 2018:

- USD 175 million Private Placement successfully completed
- Purchase of Deepsea Nordkapp and award of drilling contract by Aker BP
- Equinor awarded contract for Platform Drilling services
- Equinor awarded letter of intent to Deepsea Atlantic
Please see the attached report for the first quarter of 2018.

For further queries, please contact:

Investor Relations:
Eirik Knudsen, Vice President Corporate Finance & Investor Relations
+47 934 59 173 /

Hamilton, Bermuda
25 May 2018
Odfjell Drilling Ltd.

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