Golden Ocean Group — Major Shareholding Notification 2017

Jun 21, 2017

Shareholding disclosure

Shareholding disclosure

Hemen Holding Limited, a company indirectly controlled by

trusts established by Mr. John Fredriksen for the benefit of

his immediate family ("Hemen"), has today received 1,650,000

shares in Golden Ocean Group Limited (the "Company") as

consideration for the dry bulk vessel Sea Opal, as announced

by the Company in a separate stock exchange notice.

Following this transaction, Hemen holds 49,787,224 shares in

the Company, constituting 38.44% of the Company's shares and

votes. In addition, Hemen holds TRS agreements with

underlying exposure to 39,129 shares in the Company and USD

93.6 million in the Company's 3.07% 2019 convertible bond

(GOGL 02).

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This information is subject of the disclosure requirements

pursuant to section 4-2 of the Norwegian Securities Trading

Act.