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2015-09-25

Odfjell SE : Refinancing

Odfjell SE has entered into a term loan facility agreement with DNB Bank ASA,
Danske Bank AS, DVB Bank America N.V and Swedbank AB for refinancing of
existing loans on the vessels Bow Sea, Bow Sun and Bow Summer. DNB Bank ASA
is acting as the agent bank and the total loan is USD 112 million. The loan
has a 5-year term with 10-year profile.

Odfjell Asia II Pte Ltd, indirectly fully owned by Odfjell SE, has entered
into a term loan facility agreement with Nordea Bank Norge for refinancing of
existing loans on the vessels Bow Dalian, Bow Fuling, Bow Nangang and Bow
Star. The total loan is USD 78.5 million. The loan has a 5-year term with
13-year profile.

This means that we have completed all scheduled vessel refinancing in 2015.
The refinancing will give Odfjell SE USD 43.8 million in added liquidity.
For further information:Terje Iversen
CFO/SVP Finance, Odfjell SE
Phone: + 55 27 00 00
Email:terje.iversen@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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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Odfjell SE via Globenewswire

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