Fornebu, 19th November 2024, Ocean Yield AS ("Ocean Yield" or the
"Company") announces results for the third quarter 2024.

HIGHLIGHTS

  · EBITDA for Q3 2024 was USD 55.9 million and Adjusted EBITDA was USD 94.6
million. Net profit for Q3 2024 was USD 23.2 million.
  · Strong balance sheet, with an equity ratio of 34.0% and USD 395.1 million in
available liquidity.
  · Agreed to acquire 34% indirect economic interest in France LNG Shipping SAS,
a company owning a portfolio of LNG carriers on long-term charters to three
European investment grade counterparties.
  · Delivery of the first Newcastlemax newbuilding with long-term charter to
CMB.TECH NV.
  · Successful placement of a new five-year unsecured bond in the amount of NOK
1,251 million.
  · Issued a call notice and repaid all remaining bonds under the hybrid
perpetual bond issue OCY06.
  · The EBITDA charter backlog at the end of Q3 2024 was USD 4.5 billion with an
average remaining contract duration of 10.0 years. This is including the
recently announced LNG transaction.

Andreas Røde, CEO of Ocean Yield, said in a comment:
"Ocean Yield is pleased to report another stable quarter, with net profit of
23.2 million and adjusted EBITDA of USD 94.6 million. This quarter, focus has
been on obtaining regulatory approvals for the announced LNG transaction and
preparing for closing. The LNG transaction will be transformational for Ocean
Yield, introducing a new segment to the portfolio, with strong partners and end
users. The infrastructure like characteristics of LNG fits well with our
strategy of investing in long-term, stable cash flows to tier-one
counterparties."

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

Company contacts:

Andreas Røde (CEO), Tel +47 98 22 85 62

Eirik Eide (CFO), Tel +47 95 00 89 21

Investor Relations contact:

Karl Fredrik Schjøtt-Pedersen (SVP Finance & Investor Relations), Tel +47 95 13
23 35

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.