Fixed Income Investor Meetings

Ocean Yield AS (“Ocean Yield”) has mandated Arctic Securities, Danske Bank, DNB Markets, Nordea and SEB, as Joint Lead Managers to arrange a series of fixed income investor meetings commencing today, Tuesday 20 August 2024.

A new NOK denominated 5-year senior unsecured floating rate bond issue may follow, subject to inter alia market conditions.

The proceeds from the potential bond issue are to be applied towards refinancing of outstanding debt, facilitate growth and general corporate purposes.

In connection with the potential bond issue, Ocean Yield will offer a conditional buyback of its outstanding bond with ticker OCY07 (ISIN: NO0010869720). Subject to a successful closing of the bond issue, Ocean Yield intends to send a call notice for the perpetual hybrid bond issue with ticker OCY06 (ISIN: NO0010861594).

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

Company contacts:

Andreas Røde (CEO), Tel +47 98 22 85 62

Eirik Eide (CFO), Tel +47 95 00 89 21

Investor Relations contact:

Karl Fredrik Schjøtt-Pedersen (SVP Finance & Investor Relations), Tel +47 95 13 23 35

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.