Primary Insider disclosure

The following primary insiders (or their related parties as described below) have, as part of the company's incentive program, agreed to buy shares in Ocean Yield ASA ("the Company") from the Company:

* Lars Solbakken, CEO, has through his wholly owned company Finmarine AS agreed to buy 30,001 new shares in Ocean Yield ASA at a price of NOK 55.00 per share. After this transaction, Lars Solbakken owns 1,185,880 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 9,545 new shares in Ocean Yield ASA at a price of NOK 55.00 per share. After this transaction, Eirik Eide owns, directly or indirectly, 235,051 shares in the Company.

* Marius Magelie, VP Finance & IR, has through his wholly owned company MGM Invest AS agreed to buy 4,091 new shares in Ocean Yield ASA at a price of NOK 55.00 per share. After this transaction, Marius Magelie owns, directly or indirectly, 65,120 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 3rd November 2015, less a discount of 20%, reflecting that the shares have a lock-up period of three years. The share price as of close 3rd November 2015 was NOK 68.75.

Following this transaction, Ocean Yield holds 42,813 treasury shares, equal to 0.03% of the outstanding shares in the Company. This information is subject of the disclosure requirements pursuant to section 4-2 of the Norwegian Securities Trading Act.

For further information, please contact: Lars Solbakken, CEO of Ocean Yield ASA Phone: +47 24 13 01 90 E-mail: lars.solbakken@oceanyield.no

Eirik Eide, CFO of Ocean Yield ASA Phone: +47 24 13 01 91 E-mail: eirik.eide@oceanyield.no