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Regulatory press release

NOL: Mandatory notification of insider transaction

Northern Ocean
Eirik Sunde, chief commercial officer, has purchased 68,286 shares in Northern
Ocean Ltd. (NOL). Following this purchase Mr. Sunde owns 68,286 shares in NOL.
The shares were purchased 12 March 2025 at an average purchase price of NOK
6.48, as described in the attached form. This information is subject to the
disclosure requirements in Article 19 of MAR (Regulation (EU) No. 596/2014 on
market abuse) as implemented in Norway in accordance with section 3-1 of the
Norwegian Securities Trading Act.
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