Golden Ocean Group

Transaction in Own Shares • Jan 2, 2019

GOGL - Repurchase of shares

GOGL - Repurchase of shares

Golden Ocean Group Limited ("Golden Ocean" or the "Company") announces that the

Company has, on January 2, 2019 purchased 25,000 of the Company's own common

stocks. The shares have been bought on the Oslo Stock Exchange at an average

price of NOK 51.9309 per share. After this transaction Golden Ocean holds a

total of 470,000 own shares.

The transaction is part of the share buyback program announced on December

20, 2018.

Hamilton, Bermuda

January 2, 2019

This information is subject to the disclosure requirements pursuant to section

5 -12 of the Norwegian Securities Trading Act.