Ocean Yield: Exercise of FPSO Option and increase in Offer Price

OSLO, Norway, Nov. 10, 2021 /PRNewswire/ — Reference is made to the announcement on 8 November 2021 and the offer document dated 5 October 2021 (the “Offer Document”) for the recommended voluntary offer (the “Offer”) by Octopus Bidco AS (the “Offeror”), a company indirectly wholly owned by funds advised by Kohlberg Kravis Roberts & Co. L.P. and its affiliates (“KKR”) for all outstanding shares in Ocean Yield ASA (the “Company”) against a consideration in cash of NOK 40.519 per share (the “Offer Price”), as adjusted downwards from NOK 41 per share for the dividend payment resolved by the Company, in accordance with the terms of the Offer.