Golden Ocean Group

GOGL - Changes to the Board composition

Golden Ocean Group Ltd ("GOGL" or "the Company") announces the appointment of

Mr. Cato Stonex as Director.

Mr. Stonex has had a long career in fund management, initially with J Rothschild

Investment Management. He was then a founder and partner of Taube Hodson Stonex

(THS) for 20 years, which managed institutional portfolios of global equity

mandates. THS was sold to GAM in 2016, after which he established Partners

Investment Company, which focused on stock picking in small and mid-cap

equities, largely in Europe. In 2021, Partners Investment Company became Stonex

Capital Partners Ltd and that same year Mr. Stonex also funded WMC Capital Ltd,

an investment company focused on the recovery of the global shipping industry.

Mr. Stonex has also been involved in a range of other business areas. He holds

an undergraduate degree from the London School of Economics and Political

Science, where he served for ten years as a Governor and is now an Emeritus

Governor. He has chaired its Development Committee and is now an advisor to the

Endowment Investment Committee. Mr. Stonex is closely involved with LSE Ideas, a

leading academic think tank.

The Board of Directors

Golden Ocean Group Limited

Hamilton, Bermuda

January 18, 2024

This information is subject of the disclosure requirements pursuant to section

5 -12 of the Norwegian Securities Trading Act or the Continuing Obligations of

Oslo Børs.

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