Odfjell SE (the "Company") has mandated Nordea and Swedbank to explore the
possibility of a conditional buyback of the outstanding bonds maturing in June
2022 ISIN NO0010796238 (ODF09) and a potential tap issue of the outstanding bond
maturing in September 2023 ISIN NO 0010832181, subject to market conditions.

The purpose of the contemplated transactions is to part refinance ODF09 in
accordance with the Company's finance strategy.

For questions, please contact:
Terje Iversen, CFO:
Tel: +47 932 40 359
E-mail: terje.iversen@odfjell.com


Gustav Sannem, VP Finance:
Tel: +47 452 69 641
E-mail: gustav.sannem@odfjell.com

Bjørn Kristian Røed, VP Corporate Analysis & IR:
Tel: +47 409 19 868
E-mail: bjorn.kristian.roed@odfjell.com (bkr@odfjell.com)

The Odfjell Group is one of the leading players in the global market for
seaborne transportation and storage of chemicals and other specialty bulk
liquids. The Odfjell fleet comprises of approx. 90 ships, which trade both
globally and regionally. The tank terminal division consists of five tank
terminals and is part of a network of another 11 tank terminals partly owned by
related parties. The tank terminals are strategically located at selected
international shipping hubs. The Odfjell Group's headquarters are in Bergen,
Norway, and the Group has offices in 14 locations around the world. Odfjell
employs around 2300 staff and posted annual gross revenue of USD 939 million in
2020. Read more on Odfjell.com (https://www.odfjell.com/).

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

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