26 February 2026: Odfjell Technology Ltd (the "Company") has mandated DNB
Carnegie as Global Coordinator and Joint Bookrunner, and ABG Sundal Collier and
Clarksons Securities as Joint Bookrunners, to arrange a series of fixed income
investor meetings commencing today, 26 February 2026. A tap issue of NOK 600
million in the outstanding senior secured bonds due 16 September 2028 (ISIN:
NO0013326090) may follow, subject to inter alia market conditions.
Net proceeds from the contemplated tap issue will be used to finance the
acquisition of 70% of the shares in Kaseum Holdings Limited and Razor Oiltools
Limited as announced today, refinance existing debt and general corporate
purposes.
Odfjell Partners Holding Ltd, which is controlled by the Company's ultimate
beneficial owner, Helene Odfjell, will subscribe for and be allocated minimum
10% of the tap issue.
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