Golden Ocean Group — Share Issue/Capital Change 2014

Aug 14, 2014

GOGL - Mandatory notification of trade

GOGL - Mandatory notification of trade

Golden Ocean Group Limited ("Golden Ocean" or the "Company") issued in June

2014 52,500 shares to eligible option holders in the Company, in connection with

the Company's share option plan. The shares were issued at a price of NOK 4.18

per share.

After this transaction the total number of shares outstanding in the Company is

447,314,296 of $0.10 par value each.

August 14, 2014

Hamilton, Bermuda

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1848986]