Major Shareholding Notification • Jun 21, 2017
Major Shareholding Notification
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Shareholding disclosure
Hemen Holding Limited, a company indirectly controlled by
trusts established by Mr. John Fredriksen for the benefit of
his immediate family ("Hemen"), has today received 1,650,000
shares in Golden Ocean Group Limited (the "Company") as
consideration for the dry bulk vessel Sea Opal, as announced
by the Company in a separate stock exchange notice.
Following this transaction, Hemen holds 49,787,224 shares in
the Company, constituting 38.44% of the Company's shares and
votes. In addition, Hemen holds TRS agreements with
underlying exposure to 39,129 shares in the Company and USD
93.6 million in the Company's 3.07% 2019 convertible bond
(GOGL 02).
***
This information is subject of the disclosure requirements
pursuant to section 4-2 of the Norwegian Securities Trading
Act.
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