Ocean Yield ASA announced that the Company will invest in two modern LR2 product tankers with 10-year bareboat charters to Scorpio Tankers Inc. ("Scorpio Tankers") with purchase obligations at the end of the charters. The total net purchase price is about USD 70 million, net of seller's credits. The Company expects to take delivery of the vessels during December 2021. Including this investment, Ocean Yield will own six LR2 product tankers with long-term charters to Scorpio Tankers.