EXERCISES OPTION TO PREPAY NOK 200M ON BOND ISSUE OCY04

Ocean Yield ASA (the “Company” or “Ocean Yield”) has today notified Nordic Trustee, who is acting as bond trustee for the above mentioned bond issue (the "Bond Issue") that the Company exercises the call option in accordance with the bond agreement to prepay NOK 200,000,000 outstanding under the Bond Issue. Settlement will take place on 8 April 2021. Following the prepayment, NOK 250,000,000 will be outstanding under the Bond Issue OCY04, of which Ocean Yield has repurchased NOK 23,000,000 in the market. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.Company contact:Eirik Eide (CFO), Tel +47 24 13 01 91Investor Relations contact:Marius Magelie (SVP Finance & Investor Relations), Tel +47 24 13 01 82Company 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.