Aker ASA: Ocean Yield ASA: Primary insider disclosure

Reference is made to the stock exchange release published by Ocean Yield ASA (the "Company") on 28 February 2018 regarding a private placement of up to 11,000,000 new shares in the Company (the "Private Placement").

Erøy AS, a company controlled by Øyvind Eriksen, President and CEO of Aker ASA, the majority shareholder of Ocean Yield ASA, subscribed for 100,000 shares and was allocated 50,000 shares in the Private Placement, at a purchase price of NOK 69 per share.

Following completion of the Private Placement, Erøy AS holds 250,000 shares in the Company, constituting 0.16% of the Company's shares and votes.

Laffen Holding AS, a company controlled by Olav Revhaug, general manager of TRG AS, Aker ASA's majority shareholder, subscribed for 100,000 shares and was allocated 50,000 shares in the Private Placement, at a purchase price of NOK 69 per share.

Following completion of the Private Placement, Laffen Holding AS holds 250,000 shares in the Company, constituting 0.16% of the Company's shares and votes.

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