Golden Ocean Group

Declaration of Voting Results & Voting Rights Announcements • Feb 22, 2016

GOGL Circulates Request for Written Resolution of Shareholders

GOGL Circulates Request for Written Resolution of Shareholders

Golden Ocean Group Limited (the "Company") has today distributed to its

shareholders a request for approval by resolution in writing to increase the

Company's authorized share capital from US$5,000,000.00 divided into

500,000,000 common shares of US$0.01 par value each (of which 172,675,637 are in

issue) to US$6,000,000.00 divided into 600,000,000 common shares of US$0.01 par

value each by the creation of 100,000,000 common shares of US$0.01 par value

each. The request is made to its shareholders with shares registered on the

record date February 17, 2016. A copy of the request is attached.

Hamilton, Bermuda

February 22, 2016

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1987935]