Reference is made to the stock exchange release published by Ocean Yield ASA (“Ocean Yield”, “the Company”) on 21 November 2019 regarding a private placement of up to 15,935,143 new shares in the Company (“the Private Placement”). Erøy AS, a company controlled by Øyvind Eriksen, President and CEO of Aker ASA, the majority shareholder of Ocean Yield, was allocated 75,000 shares in the Private Placement, at a purchase price of NOK 45. Following completion of the Private Placement, Erøy AS holds 325,000 shares in the Company, constituting 0.19 per cent of the Company’s shares and votes. Laffen Holding AS, a company controlled by Olav Revhaug, general manager of TRG AS, Aker ASA’s majority shareholder, was allocated 25,000 shares in the Private Placement at a purchase price of NOK 45 per share. Following completion of the Private Placement, Laffen Holding AS holds 275,000 shares in the Company, constituting 0.16 per cent of the Company’s shares and votes. ***The information is subject to the disclosure requirements pursuant to section 4-2 of the Norwegian Securities Trading Act.