Reference is made to the stock exchange announcement of 16 June 2017, in which Odfjell SE signed a term sheet with Chemical Transportation Group, Inc ("CTG"), to acquire 5 stainless steel newbuildings and to form a pool of 15 x 25,000 dwt vessels.The ships acquired by Odfjell are the 25000 dwt chemical tankers designed by our Company M.E.S. and built by Avic Dingheng Shipyard. Odfjell is a leading company in the global market for transportation and storage of bulk liquid chemicals, acids, edible oils and other special products.

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