Golden Ocean Group

Report Publication Announcement • Jun 11, 2025

GOGL - 2024 Environmental, Social and Governance (ESG) Report

GOGL - 2024 Environmental, Social and Governance (ESG) Report

Golden Ocean Group Ltd (OSE/NYSE: GOGL) today released its seventh annual ESG

Report.

The 2024 report is prepared in accordance with the Marine Transportation

framework established by the Sustainability Accounting Standards Board (SASB)

and with reference to the Global reporting Initiative (GRI) Standards. The

report covers ESG performance in our operations and value chain, along with how

we manage material sustainability matters for the fiscal year 2024.

Peder Simonsen, CEO, comments: "We continue to deliver on our strategy of fleet

modernisation while maintaining a strong focus on operational efficiency. As a

result, we are pleased to report a 11.7% reduction on CII emissions compared to

the baseline year of 2019, exceeding the 2024 trajectory and remaining on track

for the targeted reduction of 15% by 2026, 30% by 2030 and net zero by 2050."

A copy of the report is attached hereto and available on the Company's website

at www.goldenocean.bm.

For further queries, please contact:

Peder Simonsen, CEO of Golden Ocean Management AS

Telephone: +47 22 01 73 40

Randi Navdal Bekkelund, CFO of Golden Ocean Management AS

Telephone: +47 22 01 73 40

June 11, 2025

Hamilton, Bermuda

This information is subject to the disclosure requirements pursuant to Section

5-12 of the Norwegian Securities Trading Act