Ocean Yield ASA has agreed to acquire two suezmax newbuilding tankers with 10
-year bareboat charters to Nordic American Tankers Ltd ("NAT"). The net purchase
price will be up to USD 44 million per vessel after seller's credits of minimum
20%.

The vessels are scheduled for delivery by the yard, Samsung Heavy Industries,
South Korea, during the first half of 2022. NAT will have certain options to
acquire or to sell the vessels during the charter period.

NAT is a crude tanker company listed on the New York Stock Exchange with a fleet
of 25 Suezmax tankers, including these two newbuildings.

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.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange