EXTENSION OF STANDSTILL AGREEMENT WITH SOLSTAD OFFSHORE FOR THE VESSELS FAR SENATOR AND FAR STATESMAN

With reference to Ocean Yield ASA’s (“Ocean Yield”) press release on 31 March 2020, subsidiaries of Ocean Yield have agreed to extend the standstill period with certain subsidiaries of Solstad Offshore ASA for the vessels Far Senator and Far Statesman up to and including 8 May 2020.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.