Investor Presentaiton

Covid-19 impact Our activities may appear unaffected by the ongoing pandemic but in reality, this has been the ultimate test of the strength of our platform and our crew 5 Cargo flexibility Global platform Ship Management COA coverage Adaptable TC fleet 60% TC-in vessels Pool vessels 30 58% 56% 60 53% 150% 25 43% 20 40 15 10 OFIL ODFIEL 120 5 0 4Q- 0 15' 16' 17' 18' 19' 20' 17 4Q- 18 4Q- 19 Crude tanker Producttanker Chemical tanker Crude CPP Vegoil Organic inorganic No presence Swing product Target product Onboard crew reached 10 months and up 59 36 n MONTUS t 15 6 3 10 m 11 m 12 m 13 m 14m 15 m Key challenges under the pandemic from a ship management perspective: Key obstacles needed to be tackled: O 1/3 of our crew is currently overdue and 126 has served 10 months or more O Maritime personnel has worked from home since March with poor internet connectivity, closed embassies for visa applications, unreasonable port states across the globe, severe lack of flights, community lockdowns by governments, heavily increased response time from relevant authorities, extensive quarantine arrangements, covid testing of crew before onboarding among others ✪ Ships needed to be diverted to non-planned ports for crew changes impacting costs and customers. We have performed 13 dockings, however with severe challenges bringing in spare parts and service personnel to supervise dockings Onboard repairs increasingly conducted by our experienced crew, with remote shore support. We benefit from a loyal crew pool with many being with us of Odfjell for more than 25 years Despite these challenges, we are: ✪ Record low on accidents with no LTI's since Aug-19 All-time high vetting performance ✪ Our predictably KPI to customers remains strong despite the many challenges 1

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