Contemplating issuance of senior unsecured NOK bonds

Subject to inter alia market conditions, Ocean Yield ASA (the “Company”) is contemplating the issuance of a new 5-year senior unsecured NOK bond. Danske Bank, DNB Markets, Nordea, Pareto Securities, and Skandinaviska Enskilda Banken have been mandated as joint lead managers for the potential bond issue.

In conjunction with the potential bond issue, the company will consider buy backs of OCY03 (ISIN: NO0010734965) maturing in April 2020. Subject to a successful issuance of new bonds, the Company will exercise the call option in whole or in parts to repay OCY03 bonds at the prevailing call price (100.00% of par value). The net proceeds from the potential bond issue will be used to partly refinance existing debt, new investments and general corporate purposes of the group.

Company contact:

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

Investor Relations contact:

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

Company information:

Ocean Yield ASA 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.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.