Odfjell SE (the "Company") has mandated DNB Markets, Nordea and SEB to arrange a
series of fixed income investor calls commencing January 11, 2021.

Following the investor calls, a sustainability-linked NOK denominated four-year
senior unsecured bond issue may follow, subject to market conditions. Proceeds
from the potential bond issue will be used for general corporate purposes,
including refinancing of existing bonds.

The potential bond issue will be linked to Odfjell's fleet transition plan and
ambition to reduce the carbon intensity of its controlled fleet by 50% by 2030
compared to 2008 level. The issue is supported by Odfjell's Sustainability
-Linked Finance Framework (the "Framework"). The Framework has received a Second
Party Opinion (the "SPO") from DNV GL. The Framework and SPO will be made
available on the Company's website (https://www.odfjell.com/), and the proposed
bond is intended to be listed on the Euronext ESG Bonds list.

Investor Relations:
Bjørn Kristian Røed
VP Corporate Analysis & Investor Relations
Tel: +47 40 91 98 68
Email: bkr@odfjell.com
Media:
Anngun Dybsland
Head of Communications
Tel. +47 41 54 88 54
Email: media@odfjell.com

The Odfjell Group is one of the leading players in the global market for
seaborne transportation and storage of chemicals and other specialty bulk
liquids. The Odfjell fleet comprises of approx. 90 ships, which trade both
globally and regionally. The tank terminal division consists of five tank
terminals and is part of a network of another 12 tank terminals partly owned by
related parties. The tank terminals are strategically located at selected
international shipping hubs. The Odfjell Group's headquarters are in Bergen,
Norway, and the Group has offices in 13 locations around the world. Odfjell
employs around 2300 staff and posted annual gross revenue of USD 872 million in
2019. Read more on Odfjell.com (https://www.odfjell.com/).

This information is subject to the disclosure requirements pursuant to Section 5
-12 the Norwegian Securities Trading Act.

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