Odfjell SE : Extension of TRS agreement

On 1 October 2012 Odfjell SE entered into a Total Return Swap (TRS) agreement with DNB Markets. The TRS comprises 5,891,166 A-shares and 2,322,482 B-shares with expiry on 2 January 2013. Today, the expiry date for this TRS has been extended to 4 February 2013, with agreed strike prices of NOK 23.50 and NOK 23.10 respectively. For more information, please contact: Terje Iversen, CFO Odfjell SE Tel: +47 55 27 00 00 Email: Terje.Iversen@odfjell.com This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Odfjell SE via Thomson Reuters ONE [HUG#1667975]