Date: Oslo, 9th January 2015
The following primary insiders (or their related parties as described below) have agreed to buy shares in Ocean Yield ASA ("the Company"):
* Lars Solbakken, CEO, has (through his wholly owned company Finmarine AS) agreed to buy 325 500 new shares in Ocean Yield ASA at a price of NOK 35.20 per share. After this transaction, Lars Solbakken owns 1 060 226 shares in the Company (all shares are owned indirectly through the wholly owned company Finmarine AS).
* Eirik Eide, CFO, has (through his wholly owned company Kleiver Invest AS) agreed to buy 15 000 new shares in Ocean Yield ASA at a price of NOK 35.20 per share. After this transaction, Eirik Eide owns, directly or indirectly, 195 072 shares in the Company.
* Marius Magelie, Vice President, has through his wholly owned company MGM Invest AS agreed to buy 12 885 new shares in Ocean Yield ASA at a price of NOK 35.20 per share. After this transaction, Marius Magelie owns, directly or indirectly, 47 987 shares in the Company.
The purchase of shares is made as part of the Company's management incentive program. The purchase price equals the closing share price of the Ocean Yield share on 30th December 2014, less a discount of 20%, reflecting that the shares have a lock-up period of three years. The share price at 30th December 2014 was NOK 44.00.
A total of 353 385 new shares will be issued, with net cash proceeds of approximately NOK 12.4 million. The issued share capital, post the capital increase, will amount to NOK 1,345,454,960 divided into 134,545,496 shares having a par value of NOK 10.00.
This information is subject of the disclosure requirements pursuant to section 4-2 of the Norwegian Securities Trading Act.