Golden Ocean Group

Investor Presentation • Nov 21, 2014

GOGL - Q3 2014 Presentation

GOGL - Q3 2014 Presentation

Please find enclosed the presentation of the Third Quarter 2014 Results, held in

the morning on Friday November 21, 2014.

Oslo, November 21, 2014

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 Group Limited

("Golden Ocean") and Knightsbridge Shipping Limited ("Knightsbridge"),

Knightsbridge will file relevant materials with the Securities and Exchange

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

Form F-4 that will include a joint proxy statement of Golden Ocean and

Knightsbridge that also constitutes a prospectus of Knightsbridge, and the joint

proxy statement/prospectus will be mailed to shareholders of Golden Ocean and

Knightsbridge. INVESTORS AND SECURITY HOLDERS OF GOLDEN OCEAN AND KNIGHTSBRIDGE

ARE URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS AND OTHER DOCUMENTS 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 (when available) 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, will be 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 of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#1873244]