ODL – New Company Presentation

Odfjell Drilling Ltd. (“Odfjell Drilling” or the “Company”, OSE: ODL), notes that, following the acquisition of Deepsea Bollsta and the successful pricing of USD 650 million senior secured first lien bonds, the Company has uploaded a new company presentation to its website.

Kjetil Gjersdal, Chief Executive Officer of Odfjell Drilling AS commented: “This has been an extremely busy, but valuable week for our business. We have agreed two significant contract extensions, announced the acquisition of an exceptional drilling rig at terms which are accretive to stakeholders from day one and we have secured an optimised long-term financing structure until 2031. “The future is very exciting for Odfjell Drilling, and for our new rig, which we have decided to rename the Deepsea Bergen.”

Ørjan Lunde, Chief Financial Officer of Odfjell Drilling AS commented: “We have had fantastic feedback and engagement from investors throughout the marketing process of the bond and were very pleased to see the final terms of the bond being significantly oversubscribed. We thank all those involved in the process and look forward to engaging further with all our new and existing stakeholders.

For further queries, please contact:

James Crothers Investor Relations Officer +44 (0) 7495 067 684 jchu@odfjelldrilling.com London, United Kingdom 21 November 2025 Odfjell Drilling Ltd