Odfjell Invest Informed of Compulsory Acquisition of 100% Shares

Odfjell Invest Ltd. has been informed that Odfjell Capital (Bermuda) Ltd., Odfjell Drilling Ltd., Aseo International Ltd., Offshore Rig Invest Ltd. and Aseo AS, jointly the holders of more than 95% of the common shares of the company, intend to acquire all of the shares of the company which they do not currently own pursuant to Section 103 of the Companies Act 1981 of Bermuda. According to the purchasers, they expect to send a "sweep up notice" pursuant to said Section 103 to the minority shareholders on or about November 19, 2008.



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