Odfjell Drilling Ltd ("Odfjell Drilling ") is pleased to announce that on behalf of CIMC OFFSHORE AS, the Company has agreed a contract withPGNiG Upstream Norway AS for the use of the drilling rig Deepsea Yantai. The contract includes the drilling of one firm well, "Tomcat", in PL 1055 in theNorwegian Sea , with the option to drill two further wells in 2024. The firm scope of work is estimated to take 55 days and will commence in Q2/Q3 2024. As a result of the signing of this contract, the firm backlog for the DeepseaYantai is expected to now extend into Q3 2024. For further queries, please contact:James Crothers , Investor Relations Officer +44(0)7393 766 446 jchu@odfjelldrilling.comLondon, United Kingdom 5 January 2023 Odfjell Drilling Ltd
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