Lewek Connector: Extension of charter contract

Reference is made to the stock exchange release from Ocean Yield ASA ("Ocean
Yield") dated 16 February 2017, regarding a 4 months' bareboat charter contract
for the Lewek Connector to a related company of Ezra Holdings Ltd. at a rate of
USD 40,000 per day (the "Charter").

Connector 1 AS (a wholly owned subsidiary of Ocean Yield) has now entered into a
contract for extension of the Charter for a firm period of 3 months', plus
further extensions in charterers option for a period of up to 2 months, at a
rate of USD 40,000 per day. The extended Charter period commences on 1 June
Company contacts:

Lars Solbakken (CEO), Tel +47 24 13 01 90

Eirik Eide (CFO), Tel +47 24 13 01 91

Investor Relations contact:

Marius Magelie (SVP Finance & IR), Tel +47 24 13 01 82
Company information:

Ocean Yield ASA 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 and dividend capacity. Ocean Yield
ASA has an ambition to pay attractive quarterly dividends to its shareholders.