Odfjell SE: Potential buyback of own bonds and tap issue

11 November 2021

Odfjell SE (the "Company") has mandated Nordea and Swedbank to explore the possibility of a conditional buyback of the outstanding bonds maturing in June 2022 ISIN NO0010796238 (ODF09) and a potential tap issue of the outstanding bond maturing in September 2023 ISIN NO 0010832181, subject to market conditions.

The purpose of the contemplated transactions is to part refinance ODF09 in accordance with the Company's finance strategy.

The Odfjell Group is one of the leading players in the global market for seaborne transportation and storage of chemicals and other specialty bulk liquids. The Odfjell fleet comprises of approx. 90 ships, which trade both globally and regionally. The tank terminal division consists of five tank terminals and is part of a network of another 11 tank terminals partly owned by related parties.

The tank terminals are strategically located at selected international shipping hubs. The Odfjell Group's headquarters are in Bergen, Norway, and the Group has offices in 14 locations around the world. Odfjell employs around 2300 staff and posted annual gross revenue of USD 939 million in 2020. Read more on Odfjell.com.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

Odfjell press release