OTL – Disclosure of large shareholdings

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 company controlled by Helene Odfjell, was granted 23,825,396 shares in Odfjell Technology on 28 March 2022 in connection with the Distribution. Following the Distribution, Odfjell Partners Ltd. owns 23,825,396 shares and voting rights in Odfjell Technology, equalling approximately 60.4% of the shares and voting rights in Odfjell Technology. Odfjell Partners Ltd. has no options or other rights to further shares in Odfjell Technology.

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

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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