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Odfjell SE : Changes in management

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Senior Vice President Helge Olsen is stepping down from his role as Head of Ship Management from 9.January 2017. Helge Olsen has been with Odfjell since 2000. Odfjell SE has appointed SVP Odfjell Tankers, Harald Fotland, to also cover the position as SVP Ship Management until a successor is in place.

-We are grateful for Helge Olsen's hard work and commitment for the last 17 years working for Odfjell, says Kristian Mørch, CEO in Odfjell.

For more information:

Kristian Mørch, CEO Odfjell SE

Tel:+ 47 55 27 00 00

Email: kristian.morch@odfjell.com

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

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