Ocean Yield ASA has received a commitment letter from a group of banks for a USD 202.5 million credit facility for the financing of the three Liquefied Ethylene Gas carriers on long term charter to the Hartmann Group, with SABIC Petrochemicals BV being the sub-charterer of the vessels for 10 years. The credit facility will finance $67.5 million out of the contract price of $81 million per vessel, with a tenor of 10- years from delivery, and will be repaid on an annuity basis down to a balloon of USD 22.5 million per vessel at maturity. The margin is on competitive terms and in line with previous transactions completed by Ocean Yield. The credit facility is arranged by ABN AMRO Bank N.V., Credit Agricole Corporate & Investment Bank, Societé Generale and Sumitomo Mitsui Banking Corporation Europe Limited, all as Bookrunners and Mandated Lead Arrangers. The credit facility is subject to agreement on final documentation. Ocean Yield's CEO, Lars Solbakken said in a comment: "We are pleased to announce the long term financing of our gas carriers, which completes the financing of our newbuilding program. Our newbuilding program is now fully financed, both with respect to equity and debt. This transaction emphasizes Ocean Yield's ability to raise competitive long-term financing, with attractive pricing, tenor, leverage and repayment profile. The terms of the debt financing contributes to improve the return on equity in the project. Company contacts: Lars Solbakken, CEO of Ocean Yield ASA Phone: +47 24 13 01 90 E-mail: lars.solbakken@oceanyield.no Eirik Eide, CFO of Ocean Yield ASA Phone: +47 24 13 01 91 E-mail: eirik.eide@oceanyield.no Investor Relations Contact: Marius Magelie, Senior Vice President, Finance & IR Phone: +47 24 13 01 82 E-mail: marius.magelie@oceanyield.no About Ocean Yield: Ocean Yield 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. Ocean Yield has an ambition to pay attractive quarterly dividends to its shareholders. This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.