Lewek Connector: Extension of charter contract

Reference is made to the stock exchange release from Ocean Yield ASA (“Ocean Yield”) dated 19 May 2017, regarding extension of the bareboat charter contract for the Lewek Connector at a rate of USD 40,000 per day (the “Charter”). The Charter is currently running until 15 October 2017, following the declaration of certain extension options.

Ocean Yield has now entered into a contract for extension of the Charter for a firm period until 15 November 2017, plus further extensions in charterer’s option for a period up until 23 December 2017, at a rate of USD 40,000 per day.

Company contacts:

Lars Solbakken (CEO), Tel +47 24 13 01 90

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

Investor Relations contact:

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

Ocean Yield 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. Ocean Yield has an ambition to pay attractive quarterly dividends to its shareholders.