OCY: Primary Insider Disclosure

Date: Oslo, 5th December 2013

The following primary insiders of Ocean Yield ASA (or their related parties as indicated below) have subscribed for shares in Ocean Yield ASA (the "Company")

* Lars Solbakken, CEO, has (through his wholly owned company Finmarine AS) subscribed for 32,898 new shares in Ocean Yield ASA at a subscription price of NOK 27.28 per share. After the subscription, Lars Solbakken owns 218,083 shares in the Company (All shares are owned indirectly through the wholly owned company Finmarine AS).

* Eirik Eide, CFO, has subscribed for 10,468 new shares in Ocean Yield ASA at a subscription price of NOK 27.28 per share. After the subscription, Eirik Eide owns 47,505 shares in the Company

* Axel M. Busch-Christensen, VP Investments, has subscribed for 4,038 new shares in Ocean Yield ASA at a subscription price of NOK 27.28 per share. After the subscription, Axel M. Busch-Christensen owns 17,926 shares in the Company

The subscription was made as part of the Company's management incentive scheme, under which members of management may be offered to subscribe for shares. The subscription price equals the closing share price of the Ocean Yield share at the time of dividend payment, less a discount of 20%, due to a three-year lock up period. The shareprice as of close 2nd December 2013, which was the date of the 3rd Quarter dividend payment, was NOK 34.1.

The share capital increase is expected to be registered with the Norwegian Registry of Business Enterprises on or about 20th December 2013. The issued share capital, post the capital increase, will amount to NOK 1,337,835,140 divided into 133,783,514 shares having a par value of NOK 10.00.

This information is subject of the disclosure requirements pursuant to section 4-2 of the Norwegian Securities Trading Act.