Company Disclosures

ODL: MANDATORY NOTIFICATIONS OF TRADE BY PRIMARY INSIDERS AND CLOSE ASSOCIATES

Published 14.03.2022

Odfjell Partners Ltd has on 14 March 2022 in a private transaction acquired
104,590 common shares in Odfjell Drilling Ltd (“ODL”) from the CEO of Odfjell
Drilling AS and a primary insider in ODL, Simen Lieungh, at a price per share of
NOK 23.80. Odfjell Partners Ltd is a closely associated person of Helene
Odfjell, who is a primary insider and the chair of the board of ODL.

Following the transaction, Simen Lieungh holds zero common shares in ODL and has
options to acquire up to 960,000 additional common shares in ODL.

Following the transaction Odfjell Partners Ltd owns 142,952,381 common shares in
ODL representing approx. 60.4% of the common shares issued by ODL.

See attached forms for further details.

For further queries, please contact:

Gillian Basson, Corporate Secretary
+44 (0)7796 547889
gbas@odfjelldrilling.com

Aberdeen, United Kingdom
14 March 2022
Odfjell Drilling Ltd.

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

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