Buy back of bonds

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Ocean Yield AS ("Ocean Yield" or the "Company") has today bought back USD 6.0 million in the hybrid perpetual bond OCY 06 with ISIN: NO0010861594.

Following this transaction, Ocean Yield holds USD 81.5 million in OCY06 where the total nominal outstanding amount is USD 125 million.

Company contacts:

Andreas Røde (CEO), Tel +47 24 13 42 45

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

Investor Relations contact:

Karl Fredrik Schjøtt-Pedersen (SVP Finance & Investor Relations), Tel +47 951 32 335

Company information:

Ocean Yield AS 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.