Ocean Yield AS ("Ocean Yield" or the "Company") is pleased to announce that it has agreed to purchase infrastructure fund CVC DIF's share in the French company Geogas LNG, providing an indirect economic interest of up to 34% in France LNG Shipping SAS ("FLS"). FLS owns a portfolio of LNG carriers on long-term charters and is 50/50 owned by NYK and Geogas LNG. Six vessels are currently on the water with an average age of three years, with further two being delivered in 2024 and 2025. Four additional newbuildings are expected to be novated to FLS at or around closing of the transaction and will be delivered in 2027. All vessels are employed on long-term charters to tier-one investment grade-rated European energy companies, with an average contract duration of 10 years, or 14 years including extension options. Based on an indirect economic interest of 34%, the transaction will add approximately USD 840 million to Ocean Yield's EBITDA backlog. Closing of the transaction is expected to occur during the second half of 2024, subject to certain customary conditions.