Odfjell Technology Ltd – Successful Placement of Tap Issue

26 Feb 2026 18:48 CET

26 February: Odfjell Technology Ltd (the “Company”) has successfully completed a
tap issue of NOK 600 million in the senior secured bonds due 16 September 2028
(ISIN: NO0013326090). The total outstanding amount after the tap issue is NOK
1,700 million. The bonds were issued at a price of 102.90% of par, implying a
spread of approximately 225bps.

Net proceeds from the tap issue will be used to finance the acquisition of 70%
of the shares in Kaseum Holdings Limited and Razor Oiltools Limited, refinance
existing debt, and general corporate purposes.
DNB Carnegie acted as Global Coordinator and Joint Bookrunner, and ABG Sundal
Collier and Clarksons Securities acted as Joint Bookrunners in the placement.

For further queries, please contact:
Gillian Basson, Corporate Secretary
+44 (0)7796 547889
gbas@odfjelltechnology.com

Or

Gert Haugland, SVP Finance & Investor Relations
+47 92661638
gjha@odfjelltechnology.com

Aberdeen, United Kingdom
26 February 2026
Odfjell Technology Ltd

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to section 5-12 the Norwegian Securities Trading Act.

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