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Golden Ocean Group

Share Issue/Capital Change Jul 14, 2016

6243_rns_2016-07-14_624d78a2-495e-4e4d-b32b-29c3362715cd.html

Share Issue/Capital Change

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GOGL - Key information for shares listed on the Oslo Stock Exchange relating to the reverse share split to be carried out by Golden Ocean Group Limited

GOGL - Key information for shares listed on the Oslo Stock Exchange relating to the reverse share split to be carried out by Golden Ocean Group Limited

Date on which the corporate action was made public: July 14, 2016

Reverse split ratio: 5 shares of a par value of USD 0.01 will each become 1

share of a par value of USD 0.05

Last day including right: July 29, 2016

Ex-date: August 1, 2016

Record date: August 2, 2016

Date of approval: July 14, 2016

This information is published in accordance with the requirements of the

Continuing Obligations and applies to shares listed on Oslo Stock Exchange.

July 14, 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#2028788]

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