Odfjell Drilling

AGM Information • Jun 16, 2025

MINUTESof the ²⁰²⁵ Annual General Meeting of the Members of

Odfijell Drilling Ltd

(the "Company")

held at Prime View, Prime Four Business Park, Kingswell, Aberdeen, AB15 8PU, Scotland, United Kingdom on 16 June 2025 at 9.00 a.m.

PRESENT: Diane Stephen (Chairperson/proxyholder)

Tristan Groves (as proxyholder)

Ms. Stephen confirmed that notice of the meeting had been duly given in accordance with the Company Bye-lawsand that, as at ¹¹ June 2025, being the record date for voting at the annual general meeting, there were 239,807,088 commonshares outstanding and entitled to vote at the meeting, and that proxy forms had been submitted covering 173,763,545 common shares. Ms. Stephen confirmed that a quorum was therefore present for the purposes of conducting the business of the meeting. Ms. Stephen proceeded to declare the meeting duly convened and was appointed Chairperson of this meeting.

The Chairperson described the voting process for the items contained on the meeting Agenda requiring Member approval, as previously distributed to the Members, and it was determined that each proposal reflected in the Agenda would be voted on, in accordance with Bye-Law 30.3, by a show of hands unless a poll vote was requested.

The consolidated financial statements reflecting the Company's performance for the year ended 31 December, 2024 and the report of its independent auditors, KPMG AS, which had been made available on the Company's website, were then presented at the meeting.

RESOLUTIONS:

1. APPOINTMENT OF DIRECTORS

The first item for Membervote was to elect the following five persons as directors of the Company, to hold office until the next Annual General Meeting of the Company or until their respective successors have been elected or appointedortheir office is otherwise vacated:

Helene Odfjell, Director Simen Lieungh, Director Harald Thorstein, Director Knut Hatleskog, Director Alasdair Shiach, Director

(a) ELECTION OF HELENE ODFJELL AS DIRECTOR

This proposal passed in accordance with the following vote:

FOR	AGAINST	ABSTAIN	TOTAL
162,097,741	7,460,011	4,203,293	173,761,045

RESOLVED THATHelene Odfjell be and is hereby appointed as ^a Director of the Companyto hold office until the next Annual General Meeting of the Companyor until her successor has been elected or appointed or heroffice is otherwise vacated.

(b) ELECTION OF SIMEN LIEUNGH AS DIRECTOR

(b)	ELECTION passed	OF SIMEN	AS LIEUNGH in accordancewith	DIRECTOR
This	proposal FOR 136,545,756		the AGAINST 32,978,603	following	vote: ABSTAIN 4,236,686	TOTAL 173,761,045

RESOLVED THATSimen Lieungh be and is hereby appointed as ^a Director of the Companyto hold office until the next Annual General Meeting of the Companyoruntil his successor has been elected or appointedorhis office is otherwise vacated. FOR AGAINST ABSTAIN TOTAL

(c) ELECTION OF HARALD THORSTEIN AS DIRECTOR

This proposal passed in accordancewith the following vote:

140,086,241	29,471,511	4,203,293	173,761,045

RESOLVED THATHarald Thorstein be and is hereby appointed as a. Director of the Company to hold office until the next Annual General Meeting of the Company or until his successor has been elected or appointedorhis office is otherwise vacated. FOR AGAINST ABSTAIN TOTAL FOR AGAINST ABSTAIN TOTAL

(d) ELECTION OF KNUT HATLESKOG AS DIRECTOR

This proposal passed in accordance with the following vote:

167,354,582	2,203,170	4,203,293	173,761,045

RESOLVED THATKnut Hatleskog be and is hereby appointed as ^a Director of the Companyto hold office until the next Annual General Meeting of the Companyoruntil his successor has beenelected or appointedorhis office is otherwise vacated.

(e) ELECTION OF ALASDAIR SHIACH AS DIRECTOR

This proposal passedin accordance with the following vote:

167,625,244	1,932,508	4,203,293	173,761,045

RESOLVED THATAlasdair Shiach be and is hereby appointed as ^a Director of the Company to hold office until the next Annual General Meeting of the Company or until his successor has been elected or appointed or her office is otherwise vacated.

APPOINTMENT OF AUDITOR

The second proposal for Member vote was the appointment of KPMG AS ("KPMG") as auditors of the Company and authorisation for the Board of Directors to determine their remuneration.

This proposal passedin accordancewith the following vote:

FOR	AGAINST	ABSTAIN	TOTAL
169,557,752	0	4,203,293	173,761,045

RESOLVED THAT KPMGASbeandare hereby appointed as the auditors of the Company until the conclusion of the next annual general meeting and the Company's Board of Directors be and is hereby authorised to determine their remuneration.

Odfjell Drilling Ltd 2025 Annual General Meeting

3. DIRECTORS' REMUNERATION

The third proposal for Membervote wasthe approval of the remuneration of the Company's Board of Directors up to a total amount of fees not to exceed US\$300,000.00 of the year ended 30 June 2025.

This proposal passed in accordancewith the following vote:

FOR	AGAINST	ABSTAIN	TOTAL
168,444,930	0	5,316,115	173,761,045

RESOLVED THATthe remuneration of the Company's Board of Directors up to ^a total amount of fees not to exceed US\$ 300,000.00 for the year ended 30 June 2025, be and is hereby approved.

4. EXECUTIVE REMUNERATION REPORT2024

The final proposal for Member vote was the approval of the Executive Remuneration Report 2024 which wasincluded in the Annual Report for the year ended 31 December2024.

This proposal passed in accordance with the following vote:

FOR	AGAINST	ABSTAIN	TOTAL
131,387,913	37,057,017	5,316,115	173,761,045

RESOLVEDTHATthe Executive Remuneration Report 2024 be and is hereby approved.

5. CLOSE

There being no further business, the Chairperson declared the meeting closed.

Da Lip Bane Stephen

Chairperson