Odfjell Technology

Legal Proceedings Report • May 15, 2025

OTL -BSP Brunei contract termination

OTL -BSP Brunei contract termination

Reference is made to the notice of a letter of award for the provision of a Mobile Workover Unit in Southeast Asia made by Odfjell Technology Ltd on 27 August 2024 and the additional information disclosed 13 November 2024. We regretfully have been informed by Brunei Shell Petroleum Company Sendirian Berhad (the “Client”, “BSP”) that they are terminating this contract for convenience. The Client reiterates that the termination is not related to the performance of Odfjell Technology and the two parties remain open to working together on future potential projects. Odfjell Technology will close out the contract in accordance with terms and conditions of the contract. Expenses will be reimbursed by the client and there will be limited financial effect in 2025.

For further queries, please contact:

Gert Haugland, SVP Finance & Investor Relations

+47 92661638

gjha@odfjelltechnology.com

or

Gillian Basson, Corporate Secretary

+44 (0)7796 547889

gbas@odfjelltechnology.com

Aberdeen, United Kingdom

15th May 2025

Odfjell Technology Ltd

This information is published in accordance with the requirements of the Oslo Børs Rule Book II section 4.2.4 (1) no. 3 and is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.