Odfjell Group — Director's Dealing 2010

May 25, 2010

Odfjell SE_Primary insider Purchase of Shares

On 25 May 2010, primary insider Laurence W. Odfjell acquired 50,000 Odfjell SE

B-shares at an average price of NOK 38.62.

After this purchase Laurence W. Odfjell 163,900 owns B-shares in Odfjell SE.

Laurence w. Odfjell is related to Norchem AS, as the Chairman and a major

shareholder in this company. Norchem AS owns 25, 966, 492 A- shares and

1,041,176 B-shares in Odfjell SE.

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#1418516]