Partial buyback of outstanding bonds

Reference is made to the announcement on 27 November 2019 regarding Ocean Yield ASA’s (the “Company”) buyback of OCY03 (ISIN: NO0010734965) in connection with the placement of a new NOK 750 million senior unsecured bond issue. In addition to the earlier announced OCY03 buyback, the Company will repurchase NOK 55 million with settlement date on 12 December 2019. Following the bond buyback, NOK 458.5 million in nominal value of the OCY03 bonds remain outstanding with the Company holding the balance of NOK 541.5 million.

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.