EXERCISE OF CALL OPTION

ISIN NO 001065437.9 - FRN Ocean Yield ASA Senior Unsecured Callable Bond Issue 2012/2017 Ocean Yield ASA has notified Nordic Trustee ASA, who is acting as bond trustee for the above mentioned bond issue (the "Bond Issue") that Ocean Yield ASA will exercise the call option in accordance with the bond agreement to repay the remaining amounts outstanding under the Bond Issue. The entire Bond Issue will be repaid in full on 28 July 2014 at 106 % of par value - plus accrued interest from the interest payment date in July 2014 (7 July 2014). 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 This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.