OCY: PRIMARY INSIDER DISCLOSURE

Date: Oslo, 1st September 2014

Mr. Marius Magelie has joined Ocean Yield ASA ("Ocean Yield" or the "Company") as Vice President with effect from 1st September 2014. As part of the management incentive scheme in Ocean Yield, Mr. Magelie has (through his wholly owned company MGM Invest AS) agreed to acquire 30,000 shares in Ocean Yield ASA at a price of NOK 33.36 per share. The price is equal to the closing share price of the Ocean Yield share on 29th August 2014, less a discount of 20%, reflecting that the shares have a lock-up period of three years. The shares will be sold from the Company's treasury shares. After the sale, Mr. Magelie owns 30,388 shares in Ocean Yield ASA, directly or indirectly through the wholly owned company MGM Invest AS.

Following the above transaction, Ocean Yield holds a total of 78,069 treasury shares, constituting approximately 0.06% of the Company's shares and votes.

This information is subject of the disclosure requirements pursuant to section 4-2 of the Norwegian Securities Trading Act.