ODL – Employee Long-term Incentive Plan

02 Jun 2025 06:59 CEST

Odfjell Drilling Ltd (the “Company”) previously announced in June 2022 the
introduction of a long-term incentive plan, allocating share options to certain
employees.

In accordance with the terms of the plan, there has been an increase in the
amount of share options allocated to the following primary insider:

· Kjetil Gjersdal, CEO, has been awarded a further 9,578 options; over and above
his initial 750,000 options granted in the Company.

In addition, as previously announced on 24th March 2025, Frode Skage Syslak will
be stepping down from the role of Chief Financial Officer, being succeeded by
Ørjan Lunde. This will take effect from 1st June 2025 and the Board of Directors
has allocated options to Ørjan Lunde in accordance with the incentive plan.

As a result of becoming a primary insider, the following is declared:

· Ørjan Lunde, CFO, has been awarded 500,000 options in the Company.


These grants are further described in the attached transaction form.

For further queries, please contact:

James Crothers, Investor Relations Office
+44 (0)7495 067684 jchu@odfjelldrilling.com
London, United Kingdom

2 June 2025
Odfjell Drilling Ltd.

This information is subject to the disclosure requirements in article 19 of the
Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the
Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

648075_Appendix to notice for Odfjell Drilling Ltd.pdf