Golden Ocean Group

Board/Management Information • Aug 3, 2016

GOGL - Appointment of Chief Commercial Officer

GOGL - Appointment of Chief Commercial Officer

Following the announcement in April regarding changes to the corporate

management team, Golden Ocean Group Limited («Golden Ocean» or «the Company») is

pleased to announce the appointment of Mr Thomas Semino as Chief Commercial

Officer (CCO). Mr Semino is currently the Head of Dry Freight in Vitol S.A., and

has previously been Managing Director of Ocean Freight in Bunge S.A., and also

has background from Cargill S.A. and Coeclerici Spa. Mr Semino has a law degree

in Maritime Law from Universita' degli Studi di Genova.

Mr Semino will be based in Singapore and will take on the position latest on

November 1, 2016.

Birgitte Ringstad Vartdal, CEO of Golden Ocean Management AS, comments: "I am

very pleased that Thomas Semino has accepted the newly established position as

CCO. He has extensive experience from the dry bulk market and his background

from trading organizations will be complimentary to our own team today. I look

forward to work with Thomas and believe he will add a lot of value to Golden

Ocean."

The Board of Directors

Golden Ocean Group Limited

Hamilton, Bermuda

August 3, 2016

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#2032736]