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 subscribe for shares in Ocean Yield ASA ("the Company"): * Lars Solbakken, CEO, has through his wholly owned company Finmarine AS agreed to subscribe for 65,000 new shares in Ocean Yield ASA. After this transaction, Lars Solbakken owns 1,250,880 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 subscribe for 35,000 new shares in Ocean Yield ASA. After this transaction, Eirik Eide owns, directly or indirectly, 270,051 shares in the Company. * Marius Magelie, SVP Finance & IR, has through his wholly owned company MGM Invest AS agreed to subscribe for 20,000 new shares in Ocean Yield ASA. After this transaction, Marius Magelie owns, directly or indirectly, 85,120 shares in the Company. The subscription of shares is made as part of the Company's management incentive program. The subscription price equals the closing share price of the Ocean Yield share on 10th May 2016, less a discount of 20%, reflecting that the shares have a lock-up period of three years, and adjusted for the Q1 2016 dividend. The share price as of close 10th May 2016 was NOK 54.50. A total of 120 000 new shares will be issued, with net cash proceeds of approximately NOK 5.07 million. The issued share capital post the capital increase, will amount to NOK 1,347 485 750 divided into 134 748 575 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. 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