Purchase of shares for the employee incentive program

Reference is made to Ocean Yield ASA’s (“Ocean Yield” or “Company”) stock exchange notice on 22 November 2019 where the Company announced its intention to purchase up to 130,000 treasury shares in connection with its incentive scheme for employees. Ocean Yield has on 27 November 2019 purchased 44,000 shares in the Company on Oslo Stock Exchange at an average price of NOK 48.2315 per share, which implies a total consideration of NOK 2,122,186. The purchase of treasury shares was carried out in accordance with an authorization granted by the Annual General Meeting of the Company on 25 April 2019.Following the transaction, the Company holds a total of 115,871 treasury shares. *** The information contained herein is subject to the disclosure requirements of section 4-2 of the Norwegian Securities Trading Act.