Company Disclosures

ODL – Major Shareholder Disclosure Notification and Notification of Transaction by Closely Associated Person

Published 08.12.2022

Odfjell Partners Ltd (“OPL”) has resolved to demerge and as a consequence OPL’s
shareholding in Odfjell Drilling Ltd (“ODL”) will be transferred to Odfjell
Partners Holding Ltd (“OPHL”). The current shareholders in OPL, being Helene
Odfjell and certain of her closely related persons each holds the same number of
shares in OPHL as they hold in OPL today. Consequently, there will be no changes
to the indirect shareholders in ODL as result of the transfer of the shares in
ODL from OPL to OPHL.

The creditor notice period for the demerger and subsequent liquidation of OPL
lapsed today and there are no outstanding conditions for completion of the
transfer of the shares from OPL to OPHL. The actual transfer of shares will take
place as soon as possible after OPHL has opened a securities account with the
Norwegian CSD, Euronext Securities (“VPS”).

Following the transfer of the shares, OPHL will hold 142,952,381 shares in ODL,
equal to 60.37 % of the shares and votes in ODL, while OPL will not hold any
shares or rights to shares in ODL.

Oslo Børs, in its capacity as takeover supervisory authority, has resolved to
grant an exemption pursuant to the Norwegian Securities Trading Act section 6-2
(3) for the transfer of shares in ODL from OPL to OPHL.

Please find details about the transfer in the attached notification forms.

This information is subject of the disclosure requirements pursuant to sections
5-12 and 4-2 of the Norwegian Securities Trading Act, as well as MAR Article 19.

View disclosure and attachments on Newsweb