EXERCISES OPTION TO PREPAY REMAINING NOK 250M ON BOND ISSUE OCY04

FRN Senior Unsecured Callable Bond Issue with maturity 21 September 2021 (ISIN NO0010774417)

Ocean Yield ASA (the “Company”) has today notified Nordic Trustee, who is acting as bond trustee for the above mentioned bond issue (the "Bond Issue") that the Company exercises the call option in accordance with the bond agreement to prepay the remaining NOK 250,000,000 outstanding under the Bond Issue. Settlement will take place on 8 June 2021.

Following the prepayment, the Bond Issue OCY04 has been fully repaid.

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

Company contact:

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

Investor Relations contact:

Marius Magelie (SVP Finance & Investor Relations), 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.