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Golden Ocean Group

Major Shareholding Notification Sep 24, 2014

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Major Shareholding Notification

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Notification

Notification

Geveran Trading Company Ltd., a company indirectly

controlled by trusts affiliated with John Fredriksen

and his family, has on the 23rd September 2014 bought

USD 15 million of the Golden Ocean Group LTD 3,07%

2019 covertible bond.

In addition, Hemen Holding Limited, an affiliated

company, owns 183.666.158 shares equal to 41,06%

of the share capital in Golden Ocean LTD.

Hemen Holding also holds TRS agreements with

underlying exposure to 1.423.001 shares in Golden

Ocean LTD.

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