Golden Ocean Group

GOGL - Changes to the Board composition

Golden Ocean Group Limited ("Golden Ocean" or the "Company") announces that

Ulrika Laurin and James O'Shaughnessy have in a board meeting after the AGM

today been elected as new board members in the Company to fill vacancies on the

Board.

Ulrika Laurin has been the Executive Chairman of ship-owning company Anglo-

Atlantic Steamship Co. Ltd. and the Chairman of Laurin Shipping AB, an

international ship-management company. She has served as the CFO of Anglo-

Atlantic Steamship Co. Ltd. and as Commercial Manager of Laurin Maritime (UK)

Ltd. Prior to that, she worked with fund manager Tufton Oceanic Ltd. and with

management consultant Karlöf & Partners. She holds a Master of Science degree in

Economics and Business Administration from the Stockholm School of Economics.

James O'Shaughnessy has been an Executive Vice President, Chief Accounting

Officer and Corporate Controller of Axis Capital Holdings Limited since March

26, 2012. Prior to that Mr. O'Shaughnessy has amongst other served as Chief

Financial Officer in the Bermuda operations of Flagstone Reinsurance Holdings SA

and as Chief Accounting Officer and Senior Vice President of Scottish Re Group

Ltd., and Chief Financial Officer of XL Re Ltd. at XL Group plc. Mr.

O'Shaughnessy received a Bachelor of Commerce degree from University College,

Cork, Ireland in the year 1981 to 1985 and is both a Fellow of the Institute of

Chartered Accountants of Ireland and an Associate Member of the Chartered

Insurance Institute of the UK. Mr. O'Shaughnessy earned a Master's Degree in

Accounting from University College Dublin in the year 1985 to 1986.

September 21, 2018

The Board of Directors

Golden Ocean Group Limited

Hamilton, Bermuda

This information is subject to the disclosure requirements pursuant to section

5 -12 of the Norwegian Securities Trading Act.

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