The spread of the corona virus combined with a significant drop in the oil price
have created substantial market volatility. With 68 out of 72 vessels on long
term fixed rate charter Ocean Yield has a diversified risk exposure with 18
different counterparties.

Ocean Yield has paid dividends every quarter since the company was listed in
2013, and the focus on payment of dividends will be continued. Due to the
extraordinary market volatility and the unknown outcome of the current macro and
COVID19 situation, it is expected that the dividend per share in Q1 2020 will be
lower than earlier guiding. The dividend for Q1 2020 will be decided by the
Board of Directors on the 5th of May 2020 and published together with the Q1
Report.

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.