Funds managed by Hayfin Capital Management LLP have today sold in aggregate
7,796,378 shares in Northern Ocean Ltd. ("NOL" or the "Company"), following
which funds managed by Hayfin Capital Management LLP own 23,494,040 shares in
NOL, which represents approximately 22.6% of the issued share capital and voting
rights in the Company.

This notification is made pursuant to Section 4-2 of the Norwegian Securities
Trading Act.

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