Golden Ocean Group

Share Issue/Capital Change • Aug 3, 2016

GOGL - Golden Ocean Group Limited announces new number of issued and outstanding ordinary shares following the completion of reverse share split

GOGL - Golden Ocean Group Limited announces new number of issued and outstanding ordinary shares following the completion of reverse share split

Following completion of the previously announced 5-to-1 reverse share split of

the ordinary shares of Golden Ocean Group Limited (the "Company") and adjustment

for fractional shares, the number of issued and outstanding ordinary shares of

the Company is 105,945,238, par value USD 0.05 per share.

August 3, 2016

Hamilton, Bermuda

Golden Ocean Group Limited

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#2032845]