Delivery of two chemical tankers with 12-year charters

Ocean Yield ASA is pleased to announce that it has taken delivery of two 2015 built 37,000 dwt IMO II chemical tankers today. The vessels commenced 12 years’ bareboat charters to Ardmore Shipping Corporation (“Ardmore Shipping”) upon delivery.

Ardmore Shipping is a New York Stock Exchange listed company with a fleet of 28 product- and chemical tankers ranging from 25,000 to 50,000 dwt. The company is based in Cork, Ireland.

Company contact:

Eirik Eide (CFO), Tel +47 24 13 01 91

Investor Relations contact:

Marius Magelie (SVP Finance & IR), Tel +47 24 13 01 82

Company information:

Ocean Yield ASA is a ship owning company with investments in vessels on long-term charters. The company has a significant contract backlog that offers visibility with respect to future earnings and dividend capacity.