New bareboat charters with purchase obligations for two AHTS vessels

14 Mar 2023 08:00 CET

Ocean Yield AS ("Ocean Yield" or the "Company") has entered into an agreement to
charter out the two 2013 built AHTS vessels, Far Senator and Normand Statesman
on bareboat charters to Viking Supply Ships AB for a period of five years. The
Charterer will have purchase options during the charter, and an obligation to
purchase the vessels at the end of the charter term, if requested by Ocean
Yield. There is also a substantial element of pre-paid charter hire to be paid
upon commencement of the transaction.

Company contacts:

Andreas Røde (CEO), Tel +47 24 13 42 45

Eirik Eide (CFO), Tel +47 24 13 01 91

Investor Relations contact:

Karl Fredrik Schjøtt-Pedersen (SVP Finance & Investor Relations), Tel +47 951 32
335

Company information:

Ocean Yield AS 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.

More information:
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