Odfjell SE: Approval of 2022 annual accounts, redemption of treasury shares

24 Mar 2023 16:15 CET

The Board of Directors of Odfjell SE has today approved the annual accounts for
2022. There are no changes in the final accounts compared with the preliminary
financial statements published on February 8, 2023.

The board has decided to propose to the annual general meeting that the 5 226
620 A-shares and 1 822 482 B-shares in the Company held in treasury by the
Company should be redeemed in the form of a share capital reduction of NOK
17 622 755 from NOK 216 922 370 to NOK 199 299 615 to be resolved at the
Company's general meeting to be held on May 3, 2023. A detailed proposal will be
included in the notice to the general meeting.

Odfjell SE's complete Annual report for 2022 will be released on Tuesday, March
28.

IR Contacts:
Nils Jørgen Selvik, VP Corporate Analysis & IR
Tel: +47 920 39 718
E-mail: nils.jorgen.selvik@odfjell.com

Terje Iversen, CFO
Tel: +47 932 40 59
E-mail: terje.iversen@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. 70 ships, which trade both
globally and regionally. The tank terminal division consists of four tank
terminals and is part of a network of another 10 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 13 locations around the world. Odfjell
employs around 2300 staff and posted annual gross revenue of USD 1038 million in
2021. 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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