Summons to Bondholder's Meetings

21 Sep 2021
21 September 2021 – Ocean Yield ASA (the "Issuer") has today instructed Nordic Trustee AS as trustee for its senior unsecured bond issues maturing in 2023 (ISIN NO 0010823214) and 2024 (ISIN NO 0010869720) and its perpetual hybrid callable bond issue (ISIN NO 0010861594) to summon bondholders' meetings for each of the bond issues. The purpose of the bondholders' meetings is to consider a proposal for certain amendments to the respective bond terms. The summons and the amendment proposals relate to the announcement dated 13 September 2021 regarding an offer for all shares of the Issuer to be made by Octopus Bidco AS, a newly formed company indirectly wholly owned by funds advised by Kohlberg Kravis Roberts & Co. L.P. and its affiliates. The summons for the respective bondholders' meetings are attached to this release. Arctic Securities AS and DNB Markets, a part of DNB Bank ASA, have been appointed as financial advisors to the Issuer in connection therewith.ISIN NO 0010823214 - Ocean Yield ASA FRN 2018/2023 (“OCY05”)ISIN NO 0010861594 - Ocean Yield ASA FRN Perpetual (“OCY06”)ISIN NO 0010869720 - Ocean Yield ASA FRN 2019/2024 (“OCY07”)Ocean Yield - Presentation to bondholders - 21 September 2021Issuer contacts:Eirik Eide (CFO), Tel +47 24 13 01 91Marius Magelie (SVP Finance & Investor Relations), Tel +47 24 13 01 82Issuer 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.