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Odfjell Drilling Ltd : Akastor completes investment of USD 75.0 million in Odfjell Drilling Ltd.


Reference is made to the stock exchange release dated April 27, 2018 regarding Akastor ASA's investment in Odfjell Drilling Ltd (the "Company"). Following the approval of issuance of the preference shares and warrants at the Special General Meeting of Odfjell Drilling Ltd. on 28 May, the closing of the transaction took place today according to the terms and conditions described in the release.

Following closing of the transaction, the Company has issued a total of 236,736,900 common shares, 16,123,125 preference shares and 5,925,000 warrants.

Hamilton, Bermuda 30 May 2018 Odfjell Drilling Ltd. This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.