Company Disclosures

ODL – notification of major shareholding

Published 12.08.2019

Please be informed that Odfjell Drilling Ltd today was notified of a major
shareholding whereby Schroders plc on 9th August 2019 crossed the 5% threshold
of voting rights in Odfjell Drilling Ltd as per attached notification.

The total number of shares held by Schroders plc with proxy voting as of 9th
August 2019 was 11,869,848 ; which represents 5.013% of the total number of
236,783,202 shares in issue.

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

View disclosure and attachments on Newsweb