Successful placement of a senior unsecured bond tap issue

03 Mar 2025 15:45 CET

Ocean Yield AS ("Ocean Yield" or the "Company") has successfully completed a tap
issue of NOK 300 million of the Company's outstanding senior unsecured bond
issue due 19 September 2028 with ISIN NO0013013813 (the "2028 Unsecured Bonds").

Total outstanding amount under the 2028 Unsecured Bonds following the tap issue
is NOK 1,050 million. The tap issue was priced at 103.125% of par, implying a
margin of approximately 2.75% above the relevant reference rate. Net proceeds
from the tap issue shall be applied towards general corporate purposes.

The unsecured bonds issued in the tap issue will trade under a separate ISIN
(NO0013501767) until a tap issue prospectus has been approved and the bonds can
be merged with the existing 2028 Unsecured Bonds.

Arctic Securities and Nordea acted as Joint Bookrunners in connection with the
placement of the 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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