Odfjell Technology Ltd ("OTL") is pleased to note the announcement made 5th
October 2023 by Odfjell Oceanwind, announcing that Mitsui O.S.K. Lines Ltd
("MOL") has become an important shareholder and strategic partner following a
private placement. 

OTL ownership in Odfjell Oceanwind remains materially unchanged due to the
conversion of convertible loans given throughout 2022 and 2023.

The transaction strengthens Odfjell Oceanwind's position as a global leader in
floating offshore wind technologies.


For further queries, please contact: 
Gillian Basson, Corporate Secretary
+44 (0) 7796 547 889
gbas@odfjelltechnology.com 
Aberdeen, United Kingdom 
6 October 2023
Odfjell Technology Ltd