Golden Ocean Group

Delisting Announcement • Mar 31, 2015

GOGL - LAST DAY OF TRADING IN SHARES OF GOLDEN OCEAN GROUP LIMITED

GOGL - LAST DAY OF TRADING IN SHARES OF GOLDEN OCEAN GROUP LIMITED

March 31, 2015 - The closing of the previously announced merger between

Knightsbridge Shipping Limited ("Knightsbridge") and Golden Ocean Group Limited

("Golden Ocean") with Knightsbridge as the surviving entity is expected to occur

after the close of trading on the Oslo Stock Exchange on March 31, 2015. The

combined company will also change its name to Golden Ocean Group Limited on

March 31, 2015. Golden Ocean will be dissolved and delisted from the Oslo Stock

Exchange upon completion of the merger.

Shareholders of Golden Ocean as of the expiry of March 31, 2015 (cut-off date)

as they will appear in Golden Ocean's shareholders register with the VPS as of

expiry of April 7, 2015 (record date), will receive 0.13749 common shares of the

combined company for each share they own in Golden Ocean as of expiry of the

cut-off date as recorded with the VPS on the record date, rounded down to the

nearest whole common share. Delivery of shares will take place on April

8, 2015. The combined company will not issue any fractional shares and each

holder of a fractional share interest will be paid an amount in cash (without

interest) on or about April 15, 2015.

Trading in the shares of the combined company will commence on the Oslo Stock

Exchange on April 1, 2015. The combined company's shares will trade under its

existing ticker symbol "VLCCF" on the Oslo Stock Exchange on April 1, 2015.

Commencing on April 7, 2015 and thereafter, the shares of the combined company

will trade under the ticker symbol "GOGL" on the Oslo Stock Exchange. The

combined company's shares will begin trading on the Nasdaq Global Select Market

under the ticker symbol "GOGL" on April 1, 2015.

Trading in the combined company's shares on the Oslo Stock Exchange will begin

before delivery of the shares to eligible shareholders' VPS accounts, and

accordingly no account-to-account transactions and no transactions with

settlement prior to April 8, 2015 will be allowed in this period.

Any changes in the indicative timing of the consummation of the merger and the

first day of trading of the shares in the combined company will be published by

Golden Ocean and Knightsbridge through the Oslo Stock Exchange information

system under the ticker symbols "GOGL" and "VLCCF", respectively.

March 31, 2015

Golden Ocean Group Limited

Hamilton, Bermuda

Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking

statements.  Forward-looking statements include statements concerning plans,

objectives, goals, strategies, future events or performance, and underlying

assumptions and other statements, which are other than statements of historical

facts. Words, such as, but not limited to "believe," "anticipate," "intends,"

"estimate," "forecast," "project," "plan," "potential," "may," "should,"

"expect," "pending" and similar expressions identify forward-looking statements.

The forward-looking statements in this press release are based upon various

assumptions.  Although Golden Ocean believes that these assumptions were

reasonable when made, because these assumptions are inherently subject to

significant uncertainties and contingencies which are difficult or impossible to

predict and are beyond the control of Golden Ocean, Golden Ocean cannot assure

you that they, or the combined company resulting from the merger, will achieve

or accomplish these expectations, beliefs or projections. The information set

forth herein speaks only as of the date hereof, and Golden Ocean disclaims any

intention or obligation to update any forward-looking statements as a result of

developments occurring after the date of this communication.

Important Information For Investors And Shareholders

This communication does not constitute an offer to sell or the solicitation of

an offer to buy any securities or a solicitation of any vote or approval. In

connection with the proposed transaction between Golden Ocean and Knightsbridge,

Knightsbridge has filed relevant materials with the Securities and Exchange

Commission (the "SEC"), including a registration statement of Knightsbridge on

Form F-4, including Amendments No. 1, 2 and 3 thereto, containing a joint proxy

statement of Golden Ocean and Knightsbridge that also constitutes a prospectus

of Knightsbridge. The registration statement has been declared effective by the

SEC on February 25, 2015, and Golden Ocean and Knightsbridge commenced mailing

the definitive joint proxy statement/prospectus to shareholders of Golden Ocean

and Knightsbridge on or about February 26, 2015. INVESTORS AND SECURITY HOLDERS

OF GOLDEN OCEAN AND KNIGHTSBRIDGE ARE URGED TO READ THE JOINT PROXY

STATEMENT/PROSPECTUS AND OTHER DOCUMENTS FILED OR THAT WILL BE FILED WITH THE

SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL

CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to

obtain free copies of the registration statement and the joint proxy

statement/prospectus and other documents filed with or furnished to the SEC by

Knightsbridge through the website maintained by the SEC at http://www.sec.gov.

Copies of the documents filed with or furnished to the SEC by Knightsbridge will

be available free of charge on Knightsbridge's website at

http://www.knightsbridgeshipping.com.  Additional information regarding the

participants in the proxy solicitations and a description of their direct and

indirect interests, by security holdings or otherwise, are contained in the

joint proxy statement/prospectus and other relevant materials to be filed with

or furnished to the SEC when they become available.

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1907718]