Primary Insider disclosure and purchase of treasury shares

The following primary insiders (or their related parties as described below) have agreed to buy shares in Ocean Yield ASA ("the Company") from the Company: * Lars Solbakken, CEO, has (through his wholly owned company Finmarine AS) agreed to buy 30 690 new shares in Ocean Yield ASA at a price of NOK 45.00 per share. After this transaction, Lars Solbakken owns 1 127 017 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 9 765 new shares in Ocean Yield ASA at a price of NOK 45.00 per share. After this transaction, Eirik Eide owns, directly or indirectly, 216 323 shares in the Company. * Marius Magelie, Vice President, has through his wholly owned company MGM Invest AS agreed to buy 4 185 new shares in Ocean Yield ASA at a price of NOK 45.00 per share. After this transaction, Marius Magelie owns, directly or indirectly, 57 094 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 5th May 2015, less a discount of 20%, reflecting that the shares have a lock-up period of three years. The share price as of close 5th May 2015 was NOK 56.25. An order for the acquisition of up to 150,000 shares will be placed in the market with an investment bank on 6th of May 2015. These shares will be used in settlement of the abovementioned 44 640 shares and the remaining shares will be held as treasury shares and used towards the management incentive program going forward. This information is subject of the disclosure requirements pursuant to section 4-2 of the Norwegian Securities Trading Act. For further information, please contact: Lars Solbakken, CEO of Ocean Yield ASA Phone: +47 24 13 01 90 E-mail: lars.solbakken@oceanyield.no Eirik Eide, CFO of Ocean Yield ASA Phone: +47 24 13 01 91 E-mail: eirik.eide@oceanyield.no