OCY: Primary Insider Disclosure

Date: Oslo, 26th March 2014

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 29 960 new shares in Ocean Yield ASA at a subscription price of NOK 30.00 per share. After the subscription, Lars Solbakken owns 570 244 shares in the Company (All shares are owned indirectly through the wholly owned company Finmarine AS).

* Eirik Eide, CFO, has subscribed for 9 532 new shares in Ocean Yield ASA at a subscription price of NOK 30.00 per share. After the subscription, Eirik Eide owns 93 060 shares in the Company.

* Axel M. Busch-Christensen, VP Investments, has subscribed for 3 677 new shares in Ocean Yield ASA at a subscription price of NOK 30.00 per share. After the subscription, Axel M. Busch-Christensen owns 28 807 shares in the Company.

The subscription was made as part of the Company's management incentive scheme. The subscription price equals the closing shareprice of the Ocean Yield share at 13th March 2014, which was the date of the 4th Quarter dividend payment, less a discount of 20%, reflecting that the shares have a lock-up period of three years. The share price as of close 13th March 2014 was NOK 37.50.

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