Completed hybrid bond tap issue

28 Feb 2025 15:31 CET

Ocean Yield AS ("Ocean Yield" or the "Company") has today successfully completed
a USD 35 million tap issue of its outstanding perpetual callable hybrid bond
issue with ISIN NO0013177188 (the "Hybrid Bonds"). Total outstanding amount
under the Hybrid Bonds following the tap issue is USD 110 million. The tap issue
was priced at 104.5% of par, implying a margin of approximately 4.0% above the
relevant reference rate. The tap issue was initiated by reverse inquiries. Net
proceeds from the tap issue shall be applied towards general corporate purposes.

The hybrid bonds issued in the tap issue will trade under a separate ISIN
(NO0013501130) until a tap issue prospectus has been approved and the bonds can
be merged with the existing Hybrid Bonds.

Arctic Securities and Nordea acted as Joint Bookrunners for the hybrid bond tap
issue. BAHR acted as legal advisor to the Company.

This information is subject of the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

Company contacts:

Andreas Røde (CEO), Tel +47 98 22 85 62

Eirik Eide (CFO), Tel +47 95 00 89 21

Investor Relations contact:

Karl Fredrik Schjøtt-Pedersen (SVP Finance & Investor Relations), Tel +47 95 13
23 35

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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