Ocean Yield: Delivery of the LR2 product tanker “Navig8 Steadfast” from Sungdong Shipyard, Korea

Lysaker, Norway, 12-May-2016 — /EuropaWire/ — Ocean Yield ASA is pleased to announce the delivery of the LR2 product tanker “Navig8 Steadfast” from Sungdong Shipyard, Korea. After being delivered from the shipyard today, the vessel commenced a 13 years “hell and high water” bareboat charter to Navig8 Product Tankers Inc. This is the third vessel delivered in a series of total four product tankers that will be chartered to Navig8 Product Tankers Inc.

For further information, please contact: Lars Solbakken, CEO of Ocean Yield ASA Phone: +47 24 13 01 90 E-mail: lars.solbakken@oceanyield.no

Eirik Eide, CFO of Ocean Yield ASA Phone: +47 24 13 01 91 E-mail: eirik.eide@oceanyield.no