Golden Ocean Group

Board/Management Information • Mar 7, 2022

GOGL - Changes to the Board composition

GOGL - Changes to the Board composition

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

Mr. Jens Martin Jensen as Director.

Jens Martin Arveschoug Jensen joined Seatankers Management 1st March, 2022 -

prior to that he was the CEO of Athenian Holdings. He previously served as Head

of Shipping at New Fortress Energy (USA) and prior to that he was a Partner at

Pillarstone Europe. From May 2008 to September 2014, he was the CEO of Frontline

Management AS. Mr. Jensen has served as a director of various companies,

including 2020 Bulkers Ltd, Frontline Ltd and Flex LNG Limited. Prior to these

roles, he was a Partner/Director at Island Shipbrokers between the periods of

1996 - 2004 and held various positions at A.P. Moller/Maersk Group during

1985-1996 in Copenhagen, Mexico City, Tokyo and Singapore. Mr. Jensen is a

Danish citizen and resides in the UK.

The Board of Directors

Golden Ocean Group Limited

Hamilton, Bermuda

March 7, 2022

For further information, please contact:

Ulrik Uhrenfeldt Andersen, CEO of Golden Ocean Management AS

Telephone: +47 22 01 73 53

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.