Company Disclosures

Deepsea Bollsta secures work with Shell in Namibia

Published 25.08.2022

Reference is made to the stock exchange notice made by Northern Ocean Ltd
(“NOL”) today. Odfjell Drilling is pleased to announce that on behalf of NOL, we
have agreed with Shell a drilling contract for Deepsea Bollsta in Namibia.

The contract is expected to commence in the middle of Q4 2022 and has an
estimated firm duration of twelve months plus one six-month option. Odfjell
Drilling will immediately begin reactivation activities and mobilisation
preparation and looks forward to working with NOL and Shell to meet contract
expectations safely and efficiently.

For further queries, please contact:
Gillian Basson, Corporate Secretary
+44 (0)7796 547889

Aberdeen, United Kingdom
25 August 2022
Odfjell Drilling Ltd.

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