Successful placement of new hybrid capital

Ocean Yield ASA (“the Company”) has successfully completed a new perpetual hybrid callable bond (“Hybrid Bond”) issue of USD 125 million, carrying a coupon of 3 months LIBOR + 6.50 % p.a. with quarterly interest payments. The Hybrid Bond issue attracted strong interest and was well oversubscribed.

The net proceeds from the Hybrid Bond will be used for general corporate purposes including new investments. The Hybrid Bond will be accounted for as book equity and is subordinated to the Company’s outstanding senior unsecured bonds.

Arctic Securities AS, DNB Markets, Nordea Bank, Pareto Securities AS and Skandinaviska Enskilda Banken AB (publ) acted as joint lead managers in connection with the placement of the new bond issue.

An application will be made for the bonds to be listed on Oslo Stock Exchange.

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.

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