Golden Ocean Group — Director's Dealing 2019

Sep 6, 2019

NOTIFICATION

NOTIFICATION

Hemen Holding Limited, which is indirectly controlled by trusts established by John Fredriksen for the benefit of his immediate family, has settled TRS agreements (Total Return Swap) underlying 4,905,000 shares in Golden Ocean Group Limited ("Golden Ocean") expiring September 6th 2019. Hemen Holding Limited has subsequently entered into a new TRS agreement with exposure to the same number of underlying shares. New expiry date is December 6th, 2019, and the new TRS price is NOK 57.3689 per share. Hemen Holding Limited's affiliated ownership in Golden Ocean Group Limited is after this unchanged 49,376,353 shares, equal to 34.2% of issued shares and votes in the company. In addition, Hemen Holding holds TRS agreements with underlying exposure to 4,905,000 shares in Golden Ocean Ltd.