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Investor Presentaiton

Odfjell at a glance Odfjell Tankers Odfjell Terminals Capital Allocation Summary We have implemented a comprehensive Fleet Transition Plan demonstrating how we will reduce our carbon intensity by 50% by 2030 and carbon neutral by 2050 Historical and projected AER trajectory, indexed Projected AER trajectory, 2019-2024 120 8,8 100 8,6 8,75 8,4 80 DNV GL 8,56 | 8,18 8,2 60 8,35 | 8,30 8,0 8,20 40 Carbon intensity (AER), Odfjell 7,8 | Bond I SPT 8,16 20 IMO Trajectory 7,6 0 7,4 2005 2010 2015 2020 2025 2030 2035 2040 2045 2050 2019 2020 2021 2022 2023 I Jun-24 1 2024 2019: 26% reduction O As per 2019, we have reduced our intensity-based emissions by 26% relative to 2008 The reduction is a result of significant investments in energy saving devices on existing vessels, as well as a fleet renewal program that was finalized in 2020 2024: 31% reduction O No significant changes are expected to our fleet composition through 2024, partly due to uncertainty regarding choice of technology ⚫ We are however committed to further reduce our carbon intensity in the period by executing more than 100 investments in energy saving devices across our existing fleet 2030: 50% reduction By 2030, we are committed to reduce our carbon intensity by 50% relative to 2008 To be achieved through a combination of retrofitting of existing vessels, phasing out of old vessels and inclusion of new and more efficient vessels 2050: Carbon Neutrality Odfjell is dedicated to pursuing a zero- emission strategy and will only order vessels with zero-emission technology from 2030 O Odfjell will actively support initiatives to develop technology and infrastructure for zero emissions and support international regulation to drive zero emisssion for our industry The Fleet Transition Plan has been verified by DNV GL, who will also conduct an annual assessment as to whether the plan continues to be viable 9
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