Odfjell SE :Termination of TRS agreement and purchase of shares

Posted on February 05, 2013 at 03:02 AM EST

Odfjell SE has today, on the 5 of February, terminated its Total Return Swap (TRS) agreement with DNB Markets for 5,891,166 A-shares and 2,322,482 B-shares.

Simultaneously all shares has been acquired by Odfjell SE at a price of NOK 28.30 for the A-shares and NOK 28.00 for the B-shares.

After the purchase, Odfjell SE holds 5,891,166 Odfjell A-shares and 2,322,482 B-shares.

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#1675474

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