Purchase of treasury shares

Reference is made to Ocean Yield ASA’s (“Ocean Yield” or “Company”) stock exchange notice on 10 July 2020 where the Company announced its intention to purchase up to 100,000 treasury shares in connection with its incentive scheme for employees. Ocean Yield has on 13 July 2020 purchased 50,000 shares in the Company on Oslo Stock Exchange at an average price of NOK 23.0252 per share, which implies a total consideration of NOK 1,151,260. The purchase of treasury shares was carried out in accordance with an authorization granted by the Annual General Meeting of the Company on 22 April 2020.

Following the transaction, the Company holds a total of 81,871 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.