Successful closing of container transaction and delivery of first two vessels

Ocean Yield ASA ("Ocean Yield" or the "Company") is pleased to announce that the transaction with Quantum Pacific Shipping announced on 20th June 2016, where Ocean Yield acquired 49.5% in six mega container vessels, has now been successfully closed.

The first two vessels, the MSC Diana and the MSC Ingy have already been delivered from the shipyard and commenced their 15-year bareboat charters.

Company contacts: Lars Solbakken, CEO of Ocean Yield ASA Phone: +47 24 13 01 90

Eirik Eide, CFO of Ocean Yield ASA Phone: +47 24 13 01 91

Investor Relations contact: Marius Magelie, SVP Finance & IR Phone: +47 24 13 01 82