Extension of option for long-term charter of the FPSO Dhirubhai-1

20 Aug 2019

Ocean Yield ASA ("Ocean Yield") currently has an option agreement with Aker Energy AS ("Aker Energy") for a long-term bareboat charter of the FPSO Dhirubhai -1. The option expires on 1st September 2019.

Ocean Yield has today agreed with Aker Energy to extend the option period until 31st December 2019 against additional compensation.

Company contact:

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

Investor Relations contact:

Marius Magelie (SVP Finance & Investor Relations), 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.