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Regulatory press release

Odfjell Drilling Ltd - Update on Odfjell Offshore Ltd Tax Case

Odfjell Drilling
Reference is made to the press release of 17 April 2026 regarding the unanimous
verdict from the Gulating Court of Appeal in favour of Odfjell Offshore Ltd
("OFO") in the longstanding tax case.

The Norwegian Tax Authorities have appealed the verdict to the Supreme Court.
The Supreme Court's appeals committee is expected to decide whether the appeal
is admitted within approximately three months.

For further queries, please contact:
James Crothers, Investor Relations Officer
+44 (0) 7495 067 684
jchu@odfjelldrilling.com
London, United Kingdom
19 May 2026
Odfjell Drilling Ltd

This information is published in accordance with the requirements of the Oslo
Børs Rule Book II section 4.2.4 (1) no. 3 and is subject to the disclosure
requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.
ecurities Trading Act.\