Odfjell evaluates various strategic alternatives for tank terminal

Odfjell's tank terminal business has grown significantly over the past years,
and has at the same time shown stable and strong results. We intend to grow our
tank terminal business further. We have therefore started a process of
evaluating various strategic alternatives for our Rotterdam tank terminal, with
the objective to secure further growth and enhancement of shareholders' value.

DnB NOR Markets has been engaged as financial advisor to assist the company in
this process.

For more information; President / CEO Jan Hammer ph.+ 47 55 27 46 11, mob. +
47 908 39 719, email Jan.Hammer@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 comprise about 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
headquartered 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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