5 July 2013
Reference is made to stock exchange notice of 1 July 2013, in which Ocean Yield ASA
("Ocean Yield" or the "Issuer", OSE symbol: OCY) announced the successful completion
of its initial public offering (the "Offering").Pareto Securities AS (the "Stabilisation Manager") may,
on behalf of the Joint Bookrunners for offering, engage in stabilisation activities of the shares of
Ocean Yield from today 5 July 2013 to and including 2 August 2013 (the "Stabilisation Period").
Any such stabilisation transactions will be aimed at supporting the market price of the shares
of Ocean Yield.In connection with the Offering, the Joint Bookrunners have over-allotted 3,350,000
shares in Ocean Yield, which equals 10% of the number of the shares sold in the Offering
before over-allotments. In order to permit the delivery in respect of over-allotments made,
the Stabilisation Manager borrowed a number of shares from Aker ASA equal to the number
of the over-allotted shares.
Further, the Stabilisation Manager, on behalf of the Joint Bookrunners, has been granted an
over-allotment option (the "Over-Allotment Option")by Aker ASA which entitles the
Joint Bookrunners, at the request of the Stabilisation Manager, to purchase from Aker ASA up
to 3,350,000 shares in Ocean Yield at a price per share of NOK 27, which is equal to the final
offer price that applied to the Offering (the "Offer Price").
The Over-Allotment Option may be exercised at the end of the Stabilisation Period.
The Stabilisation Manager may close out the short position created by over-allotting shares by
buying shares in the open market through stabilisation activities and/or by exercising the
The Stabilisation Manager (or persons acting on behalf of the Stabilisation Manager) may effect
transactions that stabilise or maintain the price of the shares of Ocean Yield at a level higher than
that which might otherwise prevail, by buying shares in Ocean Yield or associated
instruments in the open market at prices equal to or lower than (but not above) the Offer Price.
However, there is no obligation on the Stabilisation Manager (or any person acting on behalf of
the Stabilisation Manager) to do so. Moreover, there is no assurance that the
Stabilisation Manager (or persons acting on behalf of the Stabilisation Manager) will undertake
If stabilisation activities are undertaken they may be stopped at any time, and must be brought to
an end upon or before expiry of the Stabilisation Period. Within one week after the end of the
Stabilisation Period, the Stabilisation Manager will publish a statement through the information system
of the Oslo Stock Exchange under the Issuer's trading symbol with information as to whether or not any
stabilisation activities have been undertaken, including the date at which stabilisation started, the
date at which stabilisation last occurred, and the price range within which stabilisation was carried
out for each of the dates during which stabilisation transactions were carried out.
Any stabilisation activities will be conducted in accordance with section 3-12 of the Norwegian Securities
Trading Act and Commission Regulation (EC) No. 2273/2003 implementing Directive 2003/6/EC of the
European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation
of financial instruments.For further details see the prospectus dated 7 June 2013 issued by Ocean Yield
in connection with the Offering and the listing of its shares on the Oslo Stock Exchange.
Pareto Securities AS