Ocean Yield ASA: Successful placement of new unsecured bond issue

Ocean Yield ASA has successfully completed a new unsecured bond issue of NOK 1,000 million with maturity date in April 2020, carrying a coupon of 3 months NIBOR + 4.00% p.a. with quarterly interest payments. The bond issue attracted strong interest and was substantially oversubscribed and closed at the bottom of the indicated price range.

The net proceeds from the bond issue will be used to finance future growth and for general corporate purposes.

Danske Bank Markets, DNB Markets, Nordea Markets and Pareto Securities acted as joint lead arrangers in connection with the placement of the new bond issue.

An application will be made for the bonds to be listed on Oslo Stock Exchange.

For further information, please contact:

Eirik Eide, CFO Tel: +47 24 13 01 91 / Mob: +47 95 00 89 21

Lars Solbakken, CEO Tel. +47 24 13 01 90 / Mob: +47 91 19 88 44

About Ocean Yield:

Ocean Yield is a ship owning company with investments within oil-service and industrial shipping. The company focuses on modern assets with long-term charters to solid counterparties. The company has a significant contract backlog that offers visibility with respect to future earnings and dividend capacity. Ocean Yield has an ambition to pay attractive and growing quarterly dividends to its shareholders.

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