Reference is made to the stock exchange release dated April 27, 2018 regarding Akastor's investment in Odfjell Drilling Ltd. Following the approval of issuance of the preference shares and warrants at the Special General Meeting of Odfjell Drilling Ltd, the closing of the transaction took place today according to the terms and conditions described in the release.

About Akastor

Akastor is a Norway-based oil-services investment company with a portfolio of industrial holdings and other investments. The company has a flexible mandate for active ownership and long-term value creation.

About Odfjell Drilling

Odfjell Drilling is a listed international drilling, well service and engineering company with 2000 employees and operations in more than 20 countries.