Delivery of product tanker with 13 years charter

Ocean Yield ASA is pleased to announce the delivery of the LR2 product tanker "Navig8 Symphony" from Sungdong Shipyard, Korea. After being delivered from the shipyard today, the vessel commenced a 13 years "hell and high water" bareboat charter to Navig8 Product Tankers Inc. This is the first vessel delivered in a series of total four product tankers that will be chartered to Navig8 Product Tankers Inc.

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