Odfjell SE has successfully completed tap issues in two of its outstanding
senior unsecured bond issues. The bond ODF09 ISIN NO 0010796238 maturing in June
2022 will increase by NOK 100 million, and the bond with ISIN NO 0010832181
maturing in September 2023 will increase by NOK 200 million, in total NOK 300
million.

The bonds relating to ODF09 will be issued under a temporary ISIN NO 0010874308,
until a listing prospectus for the additional bonds has been approved. Net
proceeds from the tap issues will be used to refinance existing lease financing
and for general corporate purposes.

Arctic Securities AS, DNB Markets and Pareto Securities AS acted as Joint Lead
Managers in connection with the transaction.

For questions, please contact

Terje Iversen, CFO, Odfjell SE, +47 932 40 359, terje.iversen@odfjell.com

Bjørn Kristian Røed, IR, Odfjell SE, +47 409 19 868,
bkr@odfjell.com (bjørn.kristian.roed@odfjell.com)

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