Golden Ocean Group

M&A Activity • Aug 18, 2025

GOGL - Golden Ocean and CMB.TECH - Key dates and information for completion of Merger

GOGL - Golden Ocean and CMB.TECH - Key dates and information for completion of Merger

HAMILTON, Bermuda, 18 August 2025 - Reference is made to the joint stock

exchange announcement on 28 May 2025 by Golden Ocean Group Limited (NASDAQ: GOGL

& Euronext Oslo Børs: GOGL) ("Golden Ocean") and CMB.TECH NV (NYSE: CMBT &

Euronext Brussels: CMBT) ("CMB.TECH") where it was announced that Golden Ocean

would be merging with and into CMB.TECH Bermuda Ltd., a wholly-owned subsidiary

of CMB.TECH, with CMB.TECH Bermuda as the surviving company, with CMB.TECH as

the issuer of the merger consideration shares (the "Merger").

Reference is further made to the announcement that Golden Ocean on 11 August

2025, where it stated that the parties expected closing of the Merger to take

place on or around 20 August 2025, subject inter alia to a positive outcome of

the Golden Ocean Special General Meeting on 19 August 2025. Consequently, the

key dates and information for the completion of the Merger are expected to be as

follows:

* Last day of trading in GOGL shares on OSE and NASDAQ: 19 August 2025

* Effective date for completion of the Merger: 20 August 2025 (before market

opening, Central European Summer Time)

* First day of trading in the combined company and the CMB.TECH shares on OSE

and the NYSE: 20 August 2025

* Record date for delivery of CMB.TECH shares to former GOGL shareholders on

OSE: 21 August 2025

* Record date for delivery of CMB.TECH shares to former GOGL shareholders on

the NYSE: 20 August 2025

* Delivery of CMB.TECH shares to former GOGL shareholders on OSE: 22 August

2025

* Delivery of CMB.TECH shares to former GOGL shareholders on the NYSE: 21

August 2025

* ISIN/CUSIP for CMB.TECH: BE 0003816338 / B38564108

* Transferor company: Golden Ocean Group Limited

* Transferee company: CMB.TECH Bermuda Ltd.

* Issuer of Merger consideration shares: CMB.TECH NV

The completion of the Merger will occur prior the scheduled reporting of the

second quarter and thereby Golden Ocean will not issue a separate report for the

second quarter and first half of the year. The Q2 2025 results for Golden Ocean

will be published as part of the CMB.TECH's Q2 2025 results.

About Golden Ocean

Golden Ocean is a Bermuda incorporated shipping company specialising in the

transportation of dry bulk cargoes. The Golden Ocean fleet consists of 89

vessels, with an aggregate capacity of approximately 13.5 million deadweight

tonnes. Golden Ocean's ordinary shares are listed on Nasdaq with a secondary

listing on the Euronext Oslo Børs under the ticker symbol "GOGL".

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

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act