Golden Ocean Group

Share Issue/Capital Change • Apr 8, 2015

GOGL - Cancellation of Fractional Shares

GOGL - Cancellation of Fractional Shares

April 8, 2015 - In connection with the previously announced closing of the

merger between Knightsbridge Shipping Limited (now renamed Golden Ocean Group

Limited) (the "Company") and Golden Ocean Group Limited ("Old Golden Ocean"),

the Company will today cancel 4,530 common shares, which account for the

fractional shares that will not be distributed to the Old Golden Ocean

shareholders as merger consideration. Also, as previously disclosed, the Company

plans to distribute cash In lieu of the fractional shares to shareholders of Old

Golden Ocean as of March 31, 2015, as registered in the shareholder register of

Old Golden Ocean on April 7, 2015.

Following the cancellation of shares, the Company will have 172,675,650 common

shares outstanding, with a par value of $ 0.01 per share.

April 8, 2015

Golden Ocean Group Limited

Hamilton, Bermuda

Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking

statements.  Forward-looking statements include statements concerning plans,

objectives, goals, strategies, future events or performance, and underlying

assumptions and other statements, which are other than statements of historical

facts. Words, such as, but not limited to "believe," "anticipate," "intends,"

"estimate," "forecast," "project," "plan," "potential," "may," "should,"

"expect," "pending" and similar expressions identify forward-looking statements.

The forward-looking statements in this press release are based upon various

assumptions.  Although Golden Ocean believes that these assumptions were

reasonable when made, because these assumptions are inherently subject to

significant uncertainties and contingencies which are difficult or impossible to

predict and are beyond the control of Golden Ocean, Golden Ocean cannot assure

you that they, or the combined company resulting from the merger, will achieve

or accomplish these expectations, beliefs or projections. The information set

forth herein speaks only as of the date hereof, and Golden Ocean disclaims any

intention or obligation to update any forward-looking statements as a result of

developments occurring after the date of this communication.

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1909516]