Golden Ocean Group

Major Shareholding Notification • Apr 2, 2025

GOGL: Mandatory notification of trade

GOGL: Mandatory notification of trade

CMB.TECH Bermuda Ltd. (“CMB.TECH Bermuda”), a wholly owned subsidiary of CMB.TECH NV has acquired a total of 10,322,377 shares in Golden Ocean Group Limited (“Golden Ocean”) in the open market for an aggregate purchase price of approximately USD 83.36 million(1). Following the transactions, CMB.TECH Bermuda owns 91,686,107 shares in Golden Ocean, representing approx. 45.58% of Golden Ocean's issued share capital (calculated on the basis that Golden Ocean has issued 201,165,621 shares) and approx. 45.98% of the 199,403,293 outstanding shares with voting rights in Golden Ocean (according to information provided in Golden Ocean’s Annual Report on Form 20-F filed on March 20, 2025).

Please see notification forms attached.

(1) Calculated based on a NOK/USD exchange rate of 10.4913.

This information is subject to the disclosure requirements in Regulation EU 596/2014 (MAR) article 19 number 3 and the Norwegian Securities Trading Act section 5 -12.