Norchem AS Acquires Odfjell SE Shares

(Press Release)
Thursday, September 29, 2011

Norchem AS in Denmark (in which Laurence Odfjell, Chairman of the Board in Odfjell SE, has a controlling interest) has acquired 500.000 Odfjell B-shares at NOK 33 per share.  Following this transaction, Norchem AS owns 25,966,492 A-shares and 1,591,176 B-shares in Odfjell SE, equivalent to 31,76% of the total outstanding stock of Odfjell SE.

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