Company Disclosures

Notification of Major Holdings – Odfjell Drilling Ltd

Published 16.08.2019

Declaration of Holdings- Odfjell Drilling Ltd (ISIN:BMG671801022)

Schroders plc, hereby notifies you according to the Securities Trading Act that
Schroders plc crossed above the 5% threshold of total number of shares in issue
in Odfjell Drilling Ltd on the 20th June 2019.

The total number of shares held by Schroders plc as of 20th June 2019 was
11,858,088 ; which represented 5.008% of the total number of shares in issue,
namely 236,783,202.

The total number of shares held with proxy voting as of 20th June 2019 was
11,671,606, which represented 4.292% of the total number of shares in issue,
namely 236,783,202.

This disclosure obligation was triggered by a purchase of 50,000 shares by
Schroder Investment Management (Switzerland) AG on 20th June 2019.

The group’s position is held across five legal entities as per below:

Schroder Investment Management Limited 11,076,183 4.678%
Schroder Investment Management (Switzerland) AG 404,664 0.171%
Schroder & Co. Limited 328,957 0.139%
Schroders (C.I.) Limited 7,784 0.003%
Schroder & Co Bank AG 40,500 0.017%
Schroders plc 11,858,088 5.008%

Chain of Controlled Undertakings:

Schroders plc is the parent company of Schroder Administration Limited, which is
the parent company of Schroder International Holdings Limited and Schroder
Wealth Holdings Limited.

Schroder International Holdings Limited is the parent company of Schroder
Investment Management Limited and Schroder Investment Management (Switzerland)
AG ; which are discretionary fund managers holding shares indirectly on behalf of
their clients with power to exercise voting rights.

Schroder Wealth Holdings Limited is the parent company of Schroder & Co.
Limited, Schroder & Co Bank AG and Schroders (C.I.) Limited ; which are
discretionary fund managers holding shares indirectly on behalf of their clients
with power to exercise voting rights.

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