Extension of charter contract for the vessel "Connector"

Ocean Yield ASA has now entered into a contract for extension of the Charter for the vessel "Connector" for a firm period up to and including 30 September 2018, plus further extensions in charterer's option for a period up to and including 19 November 2018.

The vessel will continue to conduct cable lay operations for Ørsted's Hornsea Project One offshore wind farm project. Company contact:

Eirik Eide (CFO), Tel +47 24 13 01 91

Investor Relations contact:

Marius Magelie (SVP Finance & IR), 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 and dividend capacity.