Ocean Yield ASA has agreed to acquire the diving support and offshore construction vessel "SBM Installer" with a long-term bareboat charter guaranteed by SBM Holding Inc. SA. ("SBM"). The vessel, which was built in 2013, will be acquired for USD 150 million and chartered back to SBM for a fixed period of 12 years. SBM will have certain options to acquire the vessel during the bareboat charter period, with the first option exercisable after five years. Ocean Yield will establish a single purpose company for the ownership of the vessel, in which SBM will own 25%. The vessel will be financed with a non-recourse USD 110 million bank facility at very attractive terms. It is expected that the transaction will close before the end of the year. The SBM Group provides floating production solutions to the offshore energy industry, over the full product life-cycle. The Company is market leading in leased floating production systems with multiple units currently in operation, and has unrivalled operational experience in this field. The Company's main activities are the design, supply, installation, operation and the life extension of Floating Production, Storage and Offloading (FPSO) vessels. These are either owned and operated by SBM Offshore and leased to its clients or supplied on a turnkey sale basis. Ocean Yield ASA's Chief Executive Officer Lars Solbakken said in a comment: "We are pleased to announce the acquisition of SBM Installer with 12-year charter to a strong counterparty. Including this investment Ocean Yield has now committed to more than USD 540 million in new investments so far this year and our total EBITDA charter backlog is now approximately USD 2.3 billion." 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 About Ocean Yield: Ocean Yield is a ship owning company with investments within oil-service and industrial shipping. The company focuses on modern assets with long-term charters to solid counterparties. The company has a significant contract backlog that offers visibility with respect to future earnings and dividend capacity. Ocean Yield has an ambition to pay attractive and growing quarterly dividends to its shareholders. This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.