Extension of deadline for exercise of FPSO option

10 Nov 2021

Reference is made to previous press releases relating to the voluntary offer for all shares of Ocean Yield ASA made by Octopus Bidco AS (the "Offeror"). The relevant parties have today agreed an extension of the purchase option for the FPSO Dhirubhai-1, such that this will now expire today, on 10 November 2021 at 23:59 CET.

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.