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Ocean Yield ASA (OCY.OL)

OCY.OL on Oslo Stock Exchange

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Summary

Name Age Since Current Position

Frank Reite

47 2016 Chairman of the Board

Lars Solbakken

60 2012 Chief Executive Officer

Eirik Eide

47 2012 Chief Financial Officer

Marius Magelie

35 Senior Vice President Finance & Investor Relations (IR)

Andreas Reklev

34 Senior Vice President Investments

Kristine Kosi

34 Chief Accounting Officer

Erik Holom

Vice President Investments

Andreas Rode

Head of Business Development and M&A

Anne-Christin Dovigen

52 2013 Director

Annicken Gann Kildahl

49 2013 Director

Jens Ismar

60 2013 Director

Kjell Rokke

59 Director

Biographies

Name Description

Frank Reite

Mr. Frank Ove Reite has been Chairman of the Board of Directors of Ocean Yield ASA since April 12, 2016. He first joined Aker in 1995, and became CFO in Aker ASA in August 2015. He holds a B.A. in business administration from Handelshoyskolen BI in Oslo. Mr. Reite came from the position of President & CEO of Akastor, and has previously held a variety of executive positions in the Aker group, including overseeing and developing Aker's investments in Converto Capital Fund AS, Havfisk ASA, Norway Seafoods AS and Aker Yards ASA. Mr. Reite also has experience from banking and served as Operating Director at Paine & Partners, a New York-based private equity firm. Mr. Reite is also Chairman of Akastor ASA.

Lars Solbakken

Mr. Lars Solbakken has served as Chief Executive Officer of Ocean Yield ASA since 2012. Before joining Ocean Yield, Mr. Solbakken served as CEO of Norwegian Car Carriers ASA from 2009 through March 2012. From 2006 to 2009 he served as CEO of Ship Finance Management AS and through that position, he also served as CEO of Ship Finance International Limited. In the period from 1997 through 2006, Mr. Solbakken was employed as General Manager of Fortis Bank in Norway and was also responsible for the bank’s shipping and oil service activities in Scandinavia. From 1987 to 1997, Mr. Solbakken served in several positions in Nordea Bank (previously Christiania Bank). He was Senior Vice President and Deputy for the shipping and offshore and aviation group, head of equity issues and merger and acquisition activities and General Manager for the Seattle Branch. Prior to joining Nordea Bank, Mr. Solbakken worked five years in Wilh. Wilhelmsen ASA as Finance Manager. Mr. Solbakken has a Master of Science degree from the Norwegian School of Economics (NHH).

Eirik Eide

Mr. Eirik Eide has served as Chief Financial Officer of Ocean Yield ASA since 2012. Before joining Ocean Yield, Mr. Eide served as CFO of Ship Finance Management AS, and through that position, he served as CFO of Ship Finance International Ltd. Mr. Eide has been working with shipping and finance for 18 years, with broad transaction and corporate experience. His employment background includes the position as Head of Shipping and Corporate Finance at Orkla Finans AS, Director Fortis Bank (Nederland) N.V., Oslo Branch and Senior Vice President, DnB NOR (Oslo and London). Mr. Eide has a Master of Science degree from the Norwegian School of Management (BI).

Marius Magelie

Mr. Marius Magelie serves as Senior Vice President Finance & Investor Relations (IR) at Ocean Yield ASA. Before joining Ocean Yield, Mr. Magelie worked in the Nordic investment bank ABG Sundal Collier since 2008 as an equity analyst and later as partner, focusing on companies and sub-sectors within the shipping and cruise industry. Prior to ABGSC, Mr. Magelie worked with equity research in Kaupthing, a Nordic investment bank. He has a Master of Science in Financial Economics from Norwegian Business School.

Andreas Reklev

Mr. Andreas Reklev serves as Senior Vice President Investments at OCEAN YIELD ASA. Before joining Ocean Yield, Mr. Reklev was Chief Financial Officer in Team Tankers International, a chemical tanker company listed on the Oslo Stock Exchange. Prior to joining Team Tankers in 2012, Mr. Reklev held various positions in Camillo Eitzen & Co ASA, a diversified shipping company with activities mainly in bulk, gas, and chemical shipping. Mr. Reklev has a Bachelor of Science in Finance from Norwegian Business School.

Kristine Kosi

Ms. Kristine Kosi serves as Chief Accounting Officer at Ocean Yield ASA. Before joining Ocean Yield, Ms Kosi was Group Accounting Manager in Umoe AS, an investment company involved in industrial investments, shipping, food production and catering. Before that she worked as Senior Associate with PwC AS, working as an auditor. She has a Master of Science degree from the Norwegian Business School (BI) and is a Chartered Accountant.

Erik Holom

Mr. Erik Hiller Holom serves as Vice President Investments at OCEAN YIELD ASA. Erik Hiller Holom Vice President Investments Before joining Ocean Yield, Mr. Holom worked in the corporate finance department at Danske Bank, focusing on the shipping and offshore industries. Prior to joining Danske Bank in 2014, he worked as an investment banking analyst for SEB. Mr. Holom holds a M.Sc. in Industrial Economics and Technology Management from the Norwegian University of Science and Technology (NTNU).

Andreas Rode

Mr. Andreas Rode serves as Head of Business Development and M&A at OCEAN YIELD ASA. Before joining Ocean Yield, Mr. Rode worked in the Corporate Finance department of Danske Bank as Managing Director, Head of Shipping and Offshore. Mr. Rode has more than 13 years of Investment Banking experience from leading financial institutions and has worked on a wide range of M&A, equity and debt capital markets transactions. Mr. Rode holds a Master of Arts (MA) in Accounting and Finance from University of Edinburgh and University of California Berkeley.

Anne-Christin Dovigen

Mrs. Anne-Christin Dovigen has served as Member of the Board of Directors of Ocean Yield ASA since June 28, 2013. She has extensive experience from the international investment banking industry and has held senior positions at JPMorgan, HSBC and Jefferies International. Mrs. Dovigen has throughout her professional career worked on a number of capital markets and other investment and corporate banking transactions within the maritime sector. She holds a Bachelor with Honors in Economics and Finance from Strathclyde University in Scotland.

Annicken Gann Kildahl

Mrs. Annicken Gann Kildahl has served as Member of the Board of Directors of Ocean Yield ASA since June 28, 2013. She also serves as Chief Financial Officer at Grieg Star. Mrs. Kildahl has held the position as Chief Financial Officer since 2003, after joining the Grieg Group in 2000. Mrs. Kildahl has extensive experience in corporate finance, asset management and international financing, primarily in relation to the shipping industry. She has previously held positions in the shipping department in Sparebanken NOR and the Torvald Klaveness Group. Mrs. Kildahl has Master of Business and Economics from the Norwegian School of Management (BI) and is an authorized finance analyst (AFA) from the Norwegian School of Economics (NHH).

Jens Ismar

Mr. Jens Ismar has served as Member of the Board of Directors of Ocean Yield ASA since June 28, 2013. He is the CEO of Western Bulk Chartering AS, a Norwegian dry bulk company with a commercially controlled fleet of over 150 vessels. Mr. Ismar has a long and diversified background from the shipping industry. Before joining Western Bulk in September 2008, he was with BW Gas as Director for the Chartering and Operations Division. He has also been employed by Inge Steensland AS, Stemoco Shipping AS and Lorentzen & Stemoco AS. Mr. Ismar has Bachelor of Business Administration from the Lund University in Sweden.

Kjell Rokke

Mr. Kjell Inge Rokke serves as Member of the Board of Directors of Ocean Yield ASA. He is Aker ASA’s main owner and has been a driving force in the development of Aker since the 1990s. Mr. Rokke launched his business career with the purchase of a 69-foot trawler in the United States in 1982, and gradually built a leading worldwide fisheries business. In 1996, the Rokke controlled company, RGI, purchased enough Aker shares to become Aker’s largest shareholder, and later merged RGI with Aker. He is currently chairman of Aker ASA, director of Aker Solutions, Kvaerner, Akastor and Aker BP.

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