ODL – Employee Long-term Incentive Plan

Odfjell Drilling Ltd (the “Company”) previously announced in June 2022 the introduction of a long-term incentive plan, allocating share options to certain employees. In accordance with the terms of the plan, there has been an increase in the amount of share options allocated to the following primary insider: · Kjetil Gjersdal, CEO, has been awarded a further 9,578 options; over and above his initial 750,000 options granted in the Company. In addition, as previously announced on 24th March 2025, Frode Skage Syslak will be stepping down from the role of Chief Financial Officer, being succeeded by Ørjan Lunde. This will take effect from 1st June 2025 and the Board of Directors has allocated options to Ørjan Lunde in accordance with the incentive plan. As a result of becoming a primary insider, the following is declared: · Ørjan Lunde, CFO, has been awarded 500,000 options in the Company. These grants are further described in the attached transaction form. For further queries, please contact: James Crothers, Investor Relations Office +44 (0)7495 067684 jchu@odfjelldrilling.com London, United Kingdom 2 June 2025 Odfjell Drilling Ltd. This information is subject to the disclosure requirements in article 19 of the Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the Norwegian Securities Trading Act.