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Regulatory press release

ODF: New share capital registered

Odfjell
Reference is made to the stock exchange notice by Odfjell SE (the "Company") on
3 May 2023 (the "Notice) regarding the Annual General Meeting and the approval
for reduction of share capital of the Company by deletion of 5 226 620 class A
shares and 1 822 482 class B shares held in treasury by the Company.

Following the creditorsŽ notice period, as mentioned in the Notice, the
reduction has now been completed and registered with the Norwegian Register of
Business Enterprises.

The share capital and the total number of shares in the Company are as follows:

Share capital: NOK 199 299 615

Number of shares: 60 463 624 class A shares and 19 256 222 class B shares equal
to 79 719 846 total shares

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