Company Disclosures

Notification of Major Holdings – Odfjell Drilling Ltd

Published 09.03.2020

Schroders plc, hereby notifies you according to the Securities Trading Act that
the voting rights position in Odfjell Drilling Ltd fell below the 5% threshold
on 5th March 2020.

The total number of shares held by Schroders plc with proxy voting as of 5th
March 2020 was 11,705,702 ; which represents 4.944% of the total number of
shares in issue, namely 236,783,202.

The total number of all shares held by Schroders plc as of 5th March 2020 was
11,877,502, which represents 5.016% of the total number of shares in issue,
namely 236,783,202.

This disclosure obligation was triggered by a sell of 502,290 shares by Schroder
Investment Management Limited on 5th March 2020.

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

Schroder Investment Management Limited 11,071,316 4.676%
Schroder Investment Management (Switzerland) AG 358,645 0.151%
Schroder & Co. Limited 267,957 0.113%
Schroders (C.I.) Limited 7,784 0.003%
Schroders plc 11,705,702 4.944%

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
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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