Golden Ocean Group

AGM Information • Mar 26, 2015

GOGL - RESULTS FROM SPECIAL GENERAL MEETING

GOGL - RESULTS FROM SPECIAL GENERAL MEETING

Reference is made to previous announcements regarding the merger between

Knightsbridge Shipping Limited (to renamed Golden Ocean Group Limited)

("Knightsbridge") and Golden Ocean Group Limited ("Golden Ocean") with

Knightsbridge as the surviving entity and the notice of a Special General

Meeting of the Shareholders of Golden Ocean as announced on February 26, 2015.

Golden Ocean advises that a Special General Meeting of the Shareholders of the

Company was held on March 26, 2015 at 10:00 a.m. at Golden Ocean's Registered

Office, 4(th) Floor, Par-la-Ville Place, 14, Par-la-Ville Road, Hamilton HM08,

Bermuda.

The following resolution was passed:

That the Merger Transactions by and among Knightsbridge and Golden Ocean

pursuant to which Golden Ocean will merge into Knightsbridge be and are hereby

approved.

For information regarding closing of the transaction reference is made to the

announcement on March 23, 2015.

Hamilton, Bermuda

March 26, 2015

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.

Important Information For Investors And Shareholders

This communication does not constitute an offer to sell or the solicitation of

an offer to buy any securities or a solicitation of any vote or approval. In

connection with the proposed transaction between Golden Ocean and Knightsbridge,

Knightsbridge has filed relevant materials with the Securities and Exchange

Commission (the "SEC"), including a registration statement of Knightsbridge on

Form F-4, including Amendments No. 1, 2 and 3 thereto, containing a joint proxy

statement of Golden Ocean and Knightsbridge that also constitutes a prospectus

of Knightsbridge. The registration statement has been declared effective by the

SEC on February 25, 2015, and Golden Ocean and Knightsbridge commenced mailing

the definitive joint proxy statement/prospectus to shareholders of Golden Ocean

and Knightsbridge on or about February 26, 2015. INVESTORS AND SECURITY HOLDERS

OF GOLDEN OCEAN AND KNIGHTSBRIDGE ARE URGED TO READ THE JOINT PROXY

STATEMENT/PROSPECTUS AND OTHER DOCUMENTS FILED OR THAT WILL BE FILED WITH THE

SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL

CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to

obtain free copies of the registration statement and the joint proxy

statement/prospectus and other documents filed with or furnished to the SEC by

Knightsbridge through the website maintained by the SEC at http://www.sec.gov.

Copies of the documents filed with or furnished to the SEC by Knightsbridge will

be available free of charge on Knightsbridge's website at

http://www.knightsbridgeshipping.com.  Additional information regarding the

participants in the proxy solicitations and a description of their direct and

indirect interests, by security holdings or otherwise, are contained in the

joint proxy statement/prospectus and other relevant materials to be filed with

or furnished to the SEC when they become available.

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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