Golden Ocean Group

GOGL - Golden Ocean and CMB TECH signed loan facilities of $2 billion to refinance outstanding debt in Golden Ocean

Reference is made to the press release issued by CMB.TECH NV (NYSE: CMBT &

Euronext Brussels: CMBT) ("CMB.TECH") on March 4, 2025, which announced that

they had identified a bank syndicate to refinance all or parts of the

outstanding debt in Golden Ocean Group Limited ("Golden Ocean").

Golden Ocean and CMB.TECH hereby announce the signing of a $2,000 million

facilities agreement with a bank syndicate comprising a term loan facility of up

to $1,250 million and a revolving credit facility ("RCF") of up to $750 million

which will become available following the completion of the planned merger

between Golden Ocean and CMB.TECH, expected in Q3 2025. Golden Ocean acts as the

borrower and CMB.TECH acts as the parent guarantor.

The term loan facility of $1,250 million is expected to be drawn during the

second and the third quarter of 2025.

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 20 2025

Hamilton, Bermuda

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act

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