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