Golden Ocean Group

Board/Management Information • Jun 1, 2023

GOGL - Transition of Chief Executive Officer

GOGL - Transition of Chief Executive Officer

Golden Ocean Group Limited. (the "Company" or "Golden Ocean") (Nasdaq and OSE:

GOGL) today announced that Ulrik Andersen, Chief Executive Officer of Golden

Ocean Management AS, has decided to step down from his position. The Board has

appointed Lars-Christian Svensen, Golden Ocean's Chief Commercial Officer, to

take the role as Interim Chief Executive Officer of Golden Ocean Management AS.

Lars-Christian has a solid background within the industry and a profound

understanding of the Company and its organization. The Board is confident that

this new appointment will ensure a successful and seamless transition of the

role. Mr. Andersen will be available for the company till September 1(st), 2023.

"I would like to thank Ulrik for his contribution to Golden Ocean. He has led

the Company through a period of fleet growth and fleet renewal. I wish Ulrik

success in his future endeavours," said Ola Lorentzon, Chairman of Golden Ocean.

Ulrik Andersen commented: "I would like to express my gratitude to the Board of

Golden Ocean for the opportunity to lead the Company during a transformative

period that encompassed significant fleet growth and required navigating a

challenging and volatile macroeconomic landscape.

I'm proud of the accomplishments achieved during my tenure, and I am confident

that the Golden Ocean is well-positioned for future success.

I extend my best wishes to the Company as it embarks on the next chapter".

June 1(st), 2023

The Board of Directors

Golden Ocean Group Limited.

Hamilton, Bermuda

This information is subject to the disclosure requirements of section 5-12 of

the Norwegian Securities Trading Act.