Golden Ocean Group

Transaction in Own Shares • Dec 27, 2018

GOGL - Repurchase of shares

GOGL - Repurchase of shares

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

Company has, on December 27, 2018 purchased 75,000 of the Company's own common

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

price of NOK 50.9104 per share. After this transaction Golden Ocean holds a

total of 395,000 own shares.

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

20, 2018.

Hamilton, Bermuda

December 27, 2018

This information is subject to the disclosure requirements pursuant to section

5 -12 of the Norwegian Securities Trading Act.