Company Disclosures

ODL – Extension of Deepsea Bollsta contract

Published 25.05.2023

Odfjell Drilling Ltd (“Odfjell Drilling” or the “Company”) is pleased to note
the announcement made by Northern Ocean Ltd (“NOL”), which states that the
Company, on behalf of NOL, has agreed with a subsidiary of Shell Plc (“The
Client”) to extend the contract for work in Namibia using the rig Deepsea
Bollsta. The firm term of the contract now extends to June 2024 and provides an
additional option for the Client to extend the contract with a further six
months.

For further queries, please contact:

James Crothers, Investor Relations Officer
+44(0)7393 766 446
jchu@odfjelldrilling.com

London, United Kingdom
25 May 2023
Odfjell Drilling Ltd

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