Preparing for quarterly dividends - Notice of Extraordinary General Meeting

 

The Board of Directors in Ocean Yield ASA ("Ocean Yield" or the "Company") has approved a summons to an Extraordinary General Meeting in Ocean Yield in order to authorise the Board of Directors to start paying quarterly dividends as from Q3 2013.

The Extraordinary General Meeting will be held on November 5th 2013, 9.00 a.m., at Felix Conference Centre, Bryggetorget 3, Aker Brygge, Oslo.

Following the recent changes to the Norwegian Public Limited Companies Act, which became effective from July 1st 2013, the Board of Directors has decided to recommend to the Extraordinary General Meeting to start paying quarterly dividends. The Extraordinary General Meeting is recommended to authorise the Board of Directors of Ocean Yield to resolve and declare dividends for the financial quarters up until the next ordinary general meeting in April 2014. Such dividends will be decided and announced in connection with the approval of the Company's quarterly financial accounts.

The summons to the Extraordinary General Meeting is attached. All documents will also be made available on the Company's website www.oceanyield.no/investor- relations

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

 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 dividends to its shareholders.

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