Purchase of shares for the employee incentive program

Reference is made to Ocean Yield ASA’s (“Ocean Yield” or “Company”) stock exchange notice on 27 August 2019 where the Company announced its intention to purchase up to 150,000 treasury shares in connection with its incentive scheme for employees. Ocean Yield has on 28 August 2019 purchased 37,500 shares in the Company on Oslo Stock Exchange at an average price of NOK 50.3066 per share, which implies a total consideration of NOK 1,886,498. The purchase of treasury shares was carried out in accordance with an authorization granted by the Annual General Meeting of the Company on 25 April 2019.

Following the transaction, the Company holds a total of 46,521 treasury shares.

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The information contained herein is subject to the disclosure requirements of section 4-2 of the Norwegian Securities Trading Act.