Ocean Yield ASA: Exercises call option on OCY02

FRN Ocean Yield ASA Senior Unsecured Callable Bond Issue 2014/2019 ISIN - NO 001 0708316 Ocean Yield ASA (the "Company") has notified Nordic Trustee AS, who is acting as bond trustee for the above mentioned bond issue (the "Bond Issue"), that the Company has exercised the call option in accordance with the bond agreement to repay the remaining amounts outstanding under the Bond Issue.

This information is subject of the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act. Company contact:

Eirik Eide (CFO), Tel +47 24 13 01 91

Investor Relations contact:

Marius Magelie (SVP Finance & IR), Tel +47 24 13 01 82 Company information:

Ocean Yield ASA is a ship owning company with investments in vessels on long -term charters. The company has a significant contract backlog that offers visibility with respect to future earnings and dividend capacity.