Ocean Yield AS ("Ocean Yield" or the "Company") is pleased to announce that it
has agreed to purchase four LR1 product tankers, to be constructed at Guangzhou
Shipyard International (GSI) in China. The vessels will be built with a design
enabling them to be converted to dual-fuel operation with methanol as fuel. Upon
delivery (in 2026 and 2027), the vessels will commence 15-year bareboat charters
to guaranteed subsidiaries of Braskem S.A., a leading global petrochemical
company listed on the New York Stock Exchange. Braskem S.A. currently has credit
ratings of BBB- from S&P and Fitch, and Ba1 from Moody's.

The bareboat charter rate will have a variable element linked to the respective
vessel's actual carbon emissions, incentivizing the charterer to keep emissions
low. To the Company's knowledge, this is the first sustainability-linked
transaction in the maritime leasing market.

CEO Andreas Røde said in a comment: "Since Ocean Yield was established in 2012,
sustainability and responsibility have been integrated parts of our core
strategy as we seek to be a facilitator for the decarbonization of the shipping
industry. In Braskem, we have a found a partner who shares our values and
ambitions. We are excited to build on our relationship with Braskem and
introduce the inaugural sustainability-linked lease to the Ocean Yield
portfolio".

The transaction will add approximately USD 300 million to the Company's EBITDA
backlog.

Company contacts:

Andreas Røde (CEO), Tel +47 24 13 42 45

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

Investor Relations contact:

Karl Fredrik Schjøtt-Pedersen (SVP Finance & Investor Relations), Tel +47 951 32
335

Company information:

Ocean Yield AS 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.