Large Shareholding Disclosure

As a result of the new share capital registered on 14 October 2026 in Northern Ocean, Ltd (ticker NOL NO) (the "Company"), whereby the Company issued 105,547,756 shares (the "New Shares"), Adage Capital Partner's, L.P. a fund managed by Adage Capital Management, LP (the "Manager") fell below the 5% reportable threshold of the voting rights and share capital in the Company. The Manager remains in control of a total of 18,792,674 shares, however after the issuance of the New Shares, that corresponds to 4.5974% of the votes and shares outstanding. This disclosure is made pursuant to section 4-2 cf. section 4-3 of the Norwegian Securities Trading Act