BUSINESS UPDATE
AQUISITION OF 50% OF THREE SUEZMAX TANKERS Ocean Yield ASA (“Ocean Yield”) has entered into an agreement with Aker Capital AS (“Aker”) whereby Ocean Yield will acquire from Aker 50% of three suezmax tankers currently owned 50/50 by Aker and Ocean Yield. After closing of the transaction Ocean Yield will own 100% of the vessels, which have long-term charters to Nordic American Tankers Ltd. Total book value for the vessels as per Q2 2021 will be approximately USD 107 million and Ocean Yield will pay USD 5.9 million for Aker’s 50% share of the equity in the company. The transaction is