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Regulatory press release

ODF: Mandatory notification of trade

Odfjell
Laurence Ward Odfjell, Chairman of the Board in Odfjell SE, has on 15 July 2023
sold 463 012 Odfjell SE B-shares at NOK 88,- per share, equivalent to 0,53% of
total outstanding shares in Odfjell SE, to Norchem LWO Holding AS, a company
controlled by him. Following this transaction, Laurence Ward Odfjell does not
own any shares in Odfjell SE privately, while Norchem LWO Holding AS owns 463
012 B-shares.

Norchem AS, in which Laurence Ward Odfjell has controlling interest, owns 25 966
492 A-shares and 7 061 148 B-shares in Odfjell SE, equivalent to 38,06% (43,12%
of the votes) of total outstanding shares in Odfjell SE. In addition, he
controls A/S Rederiet Odfjell which owns 3 497 472 A-shares in Odfjell SE,
equivalent to 4,03% (5,81% of the votes) of total outstanding shares in Odfjell
SE.
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