Odfjell Tankers - Change of Management

It has been agreed that Morten Nystad will step down as head of Odfjell Tankers from today. Odfjell SE has started the process of identifying a new head of Odfjell Tankers. Until a new head is appointed, this responsibility will rest with the President / CEO of Odfjell SE. We wish to thank Morten Nystad for his 35 years of dedicated service to the Company.

For more information, please contact:

Tore Jakobsen
President/CEO
Tel: + 47 55 27 00 00
E-mail: tore.jakobsen@odfjell.com

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