OTL - Grant of Share Options

Odfjell Technology Ltd (the "Company") announces that the Company has granted
share options to the Chief Financial Officer (CFO) of Odfjell Technology AS,
Eirik Knudsen.

The basis for the awards is, amongst other, the recipients' position in the
Company. Any options awarded will, subject to the participant's continued
appointment as CFO of Odfjell Technology AS, vest in equal
instalments over a period of 5 years after grant. Delivery of shares by
exercising the options will take place from the Company's pool of treasury
shares or by issuing additional shares within the Company's authorised share
capital, or settled by a cash payment of an equivalent value.

The purpose of the long-term incentive plan is to further align the interests of
the Company, its subsidiaries and its shareholders with the interests of
officers of the Company who can contribute materially to the success and
profitability of the Company. Such awards will recognise individual
contributions and give participants in the plan an interest in the Company
parallel to that of the shareholders, thus enhancing the proprietary and
personal interest in the Company's continued success and progress.

The Board of Directors has allocated 150,000 share options according to the plan
to the primary insider Eirik Knudsen as described in the attached transaction
form.

For further queries, please contact:

Gillian Basson, Corporate Secretary
+44 (0)7796 547889
[email protected]

Aberdeen, United Kingdom
2 September 2026
Odfjell Technology Ltd

This information is subject to the disclosure requirements in article 19 of the
Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the
Norwegian Securities Trading Act.
on 5-12 of the\
Norwegian Securities Trading Act.\