Primary Insider disclosure and capital increase

Date: Oslo, 6th March 2015

The following primary insiders (or their related parties as described below) have agreed to buy shares in Ocean Yield ASA ("the Company"):

* Lars Solbakken, CEO, has (through his wholly owned company Finmarine AS) agreed to buy 36 101 new shares in Ocean Yield ASA at a price of NOK 36.80 per share. After this transaction, Lars Solbakken owns 1 096 327 shares in the Company (all shares are owned indirectly through the wholly owned company Finmarine AS).

* Eirik Eide, CFO, has (through his wholly owned company Kleiver Invest AS) agreed to buy 11 486 new shares in Ocean Yield ASA at a price of NOK 36.80 per share. After this transaction, Eirik Eide owns, directly or indirectly, 206 558 shares in the Company.

* Axel Busch-Christensen, Vice President, has through his wholly owned company Como Invest AS agreed to buy 30 570 new shares in Ocean Yield ASA at a price of NOK 36.80 per share. After this transaction, Axel Busch-Christensen owns, directly or indirectly, 100 099 shares in the Company.

* Marius Magelie, Vice President, has through his wholly owned company MGM Invest AS agreed to buy 4 922 new shares in Ocean Yield ASA at a price of NOK 36.80 per share. After this transaction, Marius Magelie owns, directly or indirectly, 52 909 shares in the Company.

The purchase of shares is made as part of the Company's management incentive program. The purchase price equals the closing share price of the Ocean Yield share on 26th February 2015, less a discount of 20%, reflecting that the shares have a lock-up period of three years. The share price at 26th February 2015 was NOK 46.00.

A total of 83 079 new shares will be issued. The issued share capital, post the capital increase, will amount to NOK 1,346,285,750 divided into 134,628,575 shares having a par value of NOK 10.00.

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