Lewek Connector: Short-term charter contract

Ocean Yield ASA ("the Company") is pleased to announce that the Company has entered into a Time Charter contract for the vessel Lewek Connector. The charter will commence about 1 March 2018 with a firm period of 130 days, plus up to 130 days extensions in the charterer's option. The vessel will conduct cable lay operations for Ørsted's Hornsea Project One offshore wind farm project. Company contacts:

Lars Solbakken (CEO), Tel +47 24 13 01 90

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.