NEW SHARE CAPITAL AND BOARD OF DIRECTORS

4 July 2013

Ocean Yield ASA (OSE symbol: OCY) announces that the new issued share capital resulting from the initial

public offering has been registered with the Norwegian Registry of Business Enterprises (Nw.

Foretaksregisteret). The company's  issued share capital had been increased to NOK 1,337,361,100

divided into 133,736,110 shares, each share having a par value of NOK 10.00.

 

The company further announces that as of tomorrow, 5 July 2013, the new directors  Jens Ismar, Anne-

Christin Døvigen and Annicken Gann Kildahl will assume the positions of directors of the company. The

company's board of directors will accordingly from that date consist of the following directors:

 

Trond Brandsrud (chairman)

Kjell Inge Røkke (director)

Jens Ismar (director)

Anne-Christin Døvigen (director)

Annicken Gann Kildahl (director)

 

Contacts:

 

Lars Solbakken, Chief Executive Officer,

tel.: +47 24 13 01 90

 

Eirik Eide, Chief Financial Officer,

tel.: +47 24 13 01 91

 

About Ocean Yield:

 

Ocean Yield is a ship owning company with investments within oil-service and industrial shipping.

The company focuses on modern assets with long-term charters to solid counterparties.

The company has a significant contract backlog that offers visibility with respect to future earnings

and dividend capacity. Ocean Yield has an ambition to pay attractive and growing semi-annual dividends to its shareholders.

 

This information is subject to disclosure under the Norwegian Securities Act, Section 5-12.