Disclosure of shareholding in Farstad Shipping ASA

Reference is made to the press release issued today, regarding the proposed restructuring of Farstad Shipping ASA and its subsidiaries ("Farstad"). Subject to completion of the restructuring, Ocean Yield and its subsidiaries will hold 315,595,760 shares in Farstad, equivalent to 6.5% of the issued shares and voting rights in Farstad after completion of the restructuring.

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 of Ocean Yield ASA Phone: +47 24 13 01 82