Ocean Yield ASA ("Ocean Yield" or the "Company") is pleased to announce that the
Company has agreed to acquire one 206,000 dwt newcastlemax dry bulk newbuilding
for a total consideration of USD 40 million net of a seller's credit, with 15
-year bareboat charter to CMB NV ("CMB").

The vessel is expected to be delivered from the shipyard in Q1 2020. CMB will
have certain options to either sell or acquire the vessel during the charter
period.

Ocean Yield's Chief Executive Officer Lars Solbakken said in a comment: "We are
delighted to expand our relationship with CMB with the acquisition of one
newcastlemax dry bulk vessel, bringing our fleet up to a total of 61 vessels.
Ocean Yield now has one dry bulk vessel and four container feeder vessels on
long-term charter to CMB."
Company contact:

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.