On 19 December 2014 Odfjell SE entered into a Total Return Swap (TRS) agreement with DNB Markets. The TRS comprises 5,891,166 A-shares and 2,322,482 B-shares with expiry on 19 March 2015. On 19 March 2015, the expiry date for this TRS was extended to 3 July 2015.

Today the expiry date for this TRS is extended to 5 October 2015, with agreed strike prices of NOK 24.57 and NOK 23.54 respectively.

After these transactions Odfjell SE owns no shares in Odfjell SE.

For more information please contact:
Tom A. Haugen, VP Finance Odfjell SE
Tel.: + 47 55 27 00 00 / E-mail: tom.haugen@odfjell.com

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