Ocean Yield ASA ("the Company") has successfully completed a new perpetual
hybrid callable bond ("Hybrid Bond") issue of USD 125 million, carrying a coupon
of 3 months LIBOR + 6.50 % p.a. with quarterly interest payments. The Hybrid
Bond issue attracted strong interest and was well oversubscribed.

The net proceeds from the Hybrid Bond will be used for general corporate
purposes including new investments. The Hybrid Bond will be accounted for as
book equity and is subordinated to the Company's outstanding senior unsecured
bonds.

Arctic Securities AS, DNB Markets, Nordea Bank, Pareto Securities AS and
Skandinaviska Enskilda Banken AB (publ) acted as joint lead managers in
connection with the placement of the new bond issue.

An application will be made for the bonds to be listed on Oslo Stock Exchange.
Company contact:

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

Investor Relations contact:

Marius Magelie (SVP Finance & Investor Relations), 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.

This information is subject of the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.