ODL – New Credit Rating Agency Reports

17 Nov 2025 18:50 CET

Odfjell Drilling Ltd. (“Odfjell Drilling” or the “Company”, OSE: ODL) announces
that it has received new credit rating reports from Moody’s Ratings (“Moody’s”)
and S&P Global (“S&P”) which have both been uploaded to the Company’s website.

Moody’s, in their report, have assigned both the Company and the contemplated
bond (as announced in separate press release earlier today) a B1 rating, with
Stable outlook.

S&P, in their report, have affirmed the Company’s B+ rating and assigned the
contemplated bond a BB rating, with Stable outlook.

Investors can access both reports via our press release on NewsWeb, or
navigating to “Bond and Debt Facilities” in the investor section of the
Company’s website, www.odfjelldrilling.com.

For further queries, please contact:

James Crothers
Investor Relations Officer
+44 (0) 7495 067 684
jchu@odfjelldrilling.com
London, United Kingdom
17 November 2025
Odfjell Drilling Ltd

More information:
Access the news on Oslo Bors NewsWeb site

659875_Moody's Credit Opinion-Odfjell-Drilling-Ltd-17Nov2025.pdf
659875_S&P Rating ODL Nov-17-2025.pdf
659875_ODL – New Credit Rating Agency Reports.pdf