Mandatory notification of trade
Pursuant to the terms of the Long-term Incentive Programme for the ExecutiveManagement implemented by the Board of Directors, based on approval from theannual general meeting in 2016, the Executive Management may receive a cashamount, where the net amount less tax shall be used to purchase A-shares inOdfjell SE (the "Company"). On 15 March 2018, the Board of Directors decided, inaccordance with the terms of such incentive programme, to pay out a cash amountto members of the Executive Management, which in turn (after tax) has been usedto acquire a total of 23,015 Class A shares