Golden Ocean Group

Environmental & Social Information • May 5, 2023

GOGL - 2022 Environmental, Social and Governance (ESG) Report

GOGL - 2022 Environmental, Social and Governance (ESG) Report

Golden Ocean Group Ltd (OSE/NYSE: GOGL) today released its fifth annual ESG

Report.

The 2022 report is prepared in accordance with the Marine Transportation

framework established by the Sustainability Accounting Standards Board (SASB),

the disclosure requirements of the UN Global Compact as well as reporting

guidelines for NASDAQ/Euronext stock exchanges.

Ulrik Andersen, CEO, comments: "We are pleased to release our fifth

comprehensive and stand-alone ESG report, which provides an opportunity to

reflect on our ESG journey and demonstrate our progress.

In 2021, we set ambitious emission reduction targets and aim to reduce our

Carbon Intensity Indicator (CII) values by 15% by 2026 and 30% by 2030, compared

to 2019. We have also set an ambition to reach net-zero by 2050.

We are proud to report that we are well underway to achieve those targets. In

2022, we decreased our carbon intensity by 9.1% compared to our 2019 baseline.

We invite you to read our report and hope you find it useful."

The ESG report can be found on the Company's website.

For further queries, please contact:

Ulrik Uhrenfeldt Andersen, Chief Executive Officer of Golden Ocean Management AS

Telephone: +47 22 01 73 53

May 5, 2023

Hamilton, Bermuda

This information is subject to the disclosure requirements pursuant to Section

5-12 of the Norwegian Securities Trading Act