PRIMARY INSIDER DISCLOSURE

Reference is made to stock exchange releases by Ocean Yield ASA in connection with the initial public offering (the "Offering") of shares in Ocean Yield ASA.

Pareto Securities AS, in capacity of stabilisation manager on behalf of the Joint Bookrunners of the Offering, has today notified Aker ASA that Pareto Securities AS, on behalf of the Joint Bookrunners, has exercised the over-allotment option granted to Pareto Securities AS by Aker ASA. The over-allotment option has been exercised for 1,757,425 shares in Ocean Yield ASA held by Aker ASA.

Following the sale of these shares by Aker ASA to the Joint Bookrunners, Aker ASA will hold 98,242,575 shares in Ocean Yield, equal to 73.46% of the shares and votes in the company. The exercise price is equal to the offer price that applied to the Offering, i.e. NOK 27 per share.

Aker ASA is represented on the board of directors of Ocean Yield ASA.

This disclosure is made pursuant to Section 4-2 of the Norwegian Securities Trading Act.