Odfjell sells ship for recycling

Odfjell has entered into an agreement to sell the coated parcel tanker MT Bow
Prima (45 655 DWT/built 1987) for recycling in China.

The vessel has Green Passport and Buyers undertake that the recycling yard shall
submit a working plan corresponding to IMO guidelines for ship recycling.

The vessel is sold at a loss of USD 3.3 million.

For more information please contact: Tore Jakobsen, Senior Vice President,
ph.: + 47 55 27 00 00 or e-mail: tore.jakobsen@odfjell.com


The Odfjell Group is a leading participant in the global market of the seaborne
transportation and storage of chemicals and other speciality bulk liquids.
The Odfjell fleet exceeds 90 ships, trading both globally and regionally. The
tank terminal division consists of nine fully or partially owned tank terminals
and nine associated tank terminals strategically located. The Odfjell Group is
headquarted in Bergen, Norway and has more than 20 offices world wide. Odfjell
has about 3 700 employees and an annual gross revenue of about USD 1.3 billion.

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)


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