Golden Ocean Group

GOGL - Golden Ocean Group Limited announces filing of Registration statement by Knightsbridge Shipping Liminted

Hamilton, Bermuda. Reference is made to the announcement dated October

7, 2014, that Golden Ocean Group Limited ("Golden Ocean") (OSE:GOGL) and

Knightsbridge Shipping Limited ("Knightsbridge")(Nasdaq: VLCCF) have entered

into an agreement and plan of merger, pursuant to which the two companies have

agreed to merge. Knightsbridge has today filed a registration statement with

the United States Securities and Exchange Commission ("SEC") covering the

Knightsbridge common shares to be issued by Knightsbridge to Golden Ocean's

shareholders in the merger. The shareholders' meetings of each of Golden Ocean

and Knightsbridge are scheduled to be held after the registration statement is

declared effective. The effectiveness of the registration statement is

subject, among other things, to SEC review.

Hamilton, Bermuda

November 18, 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 and Knightsbridge,

Knightsbridge will file relevant materials with 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 pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1872407]

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