Golden Ocean Group

GOGL - Appointment of Chief Commercial Officer

Golden Ocean Group Limited (NASDAQ and OSE: GOGL) ("Golden Ocean" or the

"Company") today announced that the Company has appointed Lars-Christian Svensen

to the position of Chief Commercial Officer of Golden Ocean Management AS

effective from 1(st) December 2020.

Mr. Svensen, who is based in Oslo, most recently worked for Western Bulk, an

asset-light dry bulk operator, where he was responsible for South Atlantic and

U.S. Gulf chartering operations.

Mr. Ulrik Andersen, Chief Executive Officer of Golden Ocean Management AS,

commented: "We are extremely pleased to welcome Lars-Christian to our team. His

proven experience managing a chartering environment that leveraged

digitalization, analytics and risk management aligns with Golden Ocean's

approach and will help to further our high-quality chartering operations."

Mr. Lars-Christian Svensen commented: "I am very pleased to join Golden Ocean,

one of the world's largest owners and operators of large-sized vessels. The

Company's scale in the Capesize and Panamax segments is a strategic advantage

that I hope to further in my new role. I look forward to working with the team

to advantage ongoing digitalization and efficiency projects and to contributing

to the commercial performance of the fleet."

About Golden Ocean

Golden Ocean, a leading dry bulk shipping company, owns or controls a modern

fleet of 78 vessels with an average age of approximately 6 years. The Company is

one of the largest publicly listed owners of Capesize vessels and has a leading

position in the ice class Panamax vessel niche. Golden Ocean is listed on the

NASDAQ and Oslo Stock Exchange under the symbol 'GOGL'.

November 11, 2020

The Board of Directors

Golden Ocean Group Limited

Hamilton, Bermuda

For further queries, please contact:

Ulrik Andersen: Chief Executive Officer, Golden Ocean Management AS

+47 22 01 73 53

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