The Board of Directors of Ocean Yield ASA (OSE Trading Symbol: OCY) (the "Company") has resolved to issue in total 47,404 new shares to members of management of the Company, as part of the Company's management incentive scheme. The issued share capital, post the capital increase, will amount to NOK 1,337,835,140 divided into 133,783,514 shares each with a par value of NOK 10.00. The share capital increase is expected to be registered with the Norwegian Registry of Business Enterprises on or about 20th December 2013. Date: Oslo, 5th December 2013 This notice is issued pursuant to Section 5-12 of the Norwegian Securities Trading Act and the Oslo Børs Continuing Obligation