Odfjell SE has successfully completed a buyback of NOK 275 million under its
outstanding senior unsecured bond issue with maturity in June 2022 and ISIN
NO0010796238 (ODF09), and a tap issue of an equal amount under its outstanding
senior unsecured bond issue with ISIN NO0010832181 (ODF10) and maturity date in
September 2023. Total amount outstanding under the September 2023 bond will
after the tap issue be NOK 975 million and the amount outstanding under the June
2022 bond maturity with ISIN NO 0010796238 will be NOK 325 million.

The bonds relating to the September 2023 bond maturity will be issued under a
temporary ISIN NO 0011154676, until a listing prospectus for the additional
bonds has been approved.

Nordea and Swedbank acted as Joint Lead Managers in connection with the
transaction.

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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