Delivery of two vessels with long term charters to Aker BP ASA

With reference to the press release 13 June 2017, Ocean Yield ASA has today taken delivery of the two Platform Supply Vessels (“PSVs”) from BP Shipping. The two 2014 built vessels, “NS Orla” and “NS Frayja”, will continue on its respective long term bareboat charter contracts to Aker BP ASA.

Ocean Yield ASA has now taken delivery of four vessels so far this year and the total fleet stands at 37 vessels, of which 35 has been delivered.

Company contacts:

Lars Solbakken (CEO), Tel +47 24 13 01 90

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. Ocean Yield ASA has an ambition to pay attractive quarterly dividends to its shareholders.