Declaration of purchase option

14 May 2021

Navig8 Constellation is a chemical tanker built in 2013 and employed on long-term charter to Navig8 Ltd. In the charter contract, Navig8 Ltd. has a purchase option on the vessel after five years, which has now been declared. The effective purchase date is 15 November 2021 with a price of USD 18.8 million.

Company contact:

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

Investor Relations contact:

Marius Magelie (SVP Finance & Investor Relations), 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.