Aker ASA: Disclosure of shareholdings and primary insider notice

Reference is made to the stock exchange release published by Ocean Yield ASA (“Ocean Yield”, “the Company”) on 21 November 2019 regarding a private placement of up to 15,935,143 new shares in Ocean Yield (“the Private Placement”).

Aker Capital AS (“Aker”), a wholly owned subsidiary of Aker ASA and the largest shareholder in Ocean Yield with an ownership of 61.65 per cent, pre-subscribed and was allocated 9,824,257 new shares in the Private Placement. The allocation is equivalent to Aker’s pro-rata ownership.

Aker has also entered into a share lending agreement with Arctic Securities AS and Ocean Yield, whereby Aker has agreed to lend 6,110,886 shares in Ocean Yield to Arctic Securities AS, to facilitate timely delivery of shares to subscribers in the Private Placement.

Following completion of the Private Placement and redelivery of the borrowed shares to Aker, Aker will own a total of 108,066,832 shares in Ocean Yield, representing 61.65 per cent of the Company’s share capital.

Aker is represented on the Board of Directors of Ocean Yield.

For further information, please contact:

Torbjørn Kjus, Chief Economist and Head of Investor Relations
Tel.: +47 941 47 730

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This information is subject to the disclosure requirements pursuant to sections 4-2 and 4-3 of the Norwegian Securities Trading Act.