Odfjell Ups Investments

Odfjell Drilling has purchased 16,500 shares in Odfjell Invest at the price of NOK 14.40, which brings the new holding to 34,301,788 shares.

Upon completion of this transaction, companies related to Odfjell Drilling control in aggregate 47.73% of the issued share capital in Odfjell Invest.

Additionally, the company purchased of 3% of the shares in Offshore Rig Invest Ltd., which is controlled by Odfjell Drilling Ltd. This transaction will not have an effect on companies related to Odfjell Drilling Group.