Odfjell Drilling Ltd. (OSE: ODL) reports that following an exercise of warrants
by Akastor ASA, which were agreed in relation to the acquisition of the rig now
known as Deepsea Nordkapp; it will issue today 3,023,886 new ordinary shares to
Akastor.  

The new shares are ordinary shares without any special rights and are freely
transferable negotiable instruments. The new shares give ordinary rights in
relation to the Company and will be listed on the Oslo Stock Exchange in due
course.

As a result, the Company will now have a share capital of USD 2,398,070.88,
divided into 239,807,088 shares in issue, with no further warrants outstanding. 

For further queries, please contact:
James Crothers, Investor Relations Officer 
+44 (0) 7495 067 684 
jchu@odfjelldrilling.com 
London, United Kingdom
31 May 2024
Odfjell Drilling Ltd

This information is published in accordance with the requirements of the Oslo
Børs Rule Book II section 4.2.4 (1) no. 3 and is subject to the disclosure
requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

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