Company Disclosures

OTL – Mandatory notification of trade

Published 29.03.2022

Reference is made to the stock exchange announcement by Odfjell Drilling Ltd.
(“Odfjell Drilling”, OSE: ODL) and Odfjell Technology Ltd. (“Odfjell
Technology”, OSE: OTL) on 1 March 2022 regarding completion of the internal
reorganisation whereby the relevant Well Services and Energy companies became
subsidiaries of Odfjell Technology, the announcements on 23 March 2022 regarding
distribution of the shares in Odfjell Technology to the shareholders of Odfjell
Drilling (the “Distribution”), and the announcement on 29 March 2022 regarding
first day of trading on the Oslo Stock Exchange.

Odfjell Partners Ltd, a closely associated person of Helene Odfjell, Chair and
primary insider in Odfjell Technology, was granted 23,825,396 shares in Odfjell
Technology on 28 March 2022 in connection with the Distribution.

Please see attached notification of trade for further information about the

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act and article 19 of the (EU) Market
Abuse Regulation.

For further queries, please contact:
Gillian Basson, Corporate Secretary
+44 (0)7796 547889

Aberdeen, United Kingdom
29 March 2022
Odfjell Technology Ltd

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