Golden Ocean Group

Share Issue/Capital Change • Apr 24, 2015

GOGL - Cancellation of Fractional Shares

GOGL - Cancellation of Fractional Shares

April 24, 2015 - Golden Ocean Group Limited (the "Company") has cancelled 13

common shares, which are fractional shares that will not be distributed to

certain shareholders in former Golden Ocean Group Limited ("Old Golden Ocean

Group") who had their shares listed on the Singapore Stock Exchange (the "SGX")

prior to the delisting of the shares in Old Golden Ocean Group on the SGX and

the merger with the Company in March 2015.

Following the cancellation of shares, the Company has 172,675,637 common shares

outstanding, with a par value of $ 0.01 per share.

April 24, 2015

Golden Ocean Group Limited

Hamilton, Bermuda

Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking

statements.  Forward-looking statements include statements concerning plans,

objectives, goals, strategies, future events or performance, and underlying

assumptions and other statements, which are other than statements of historical

facts. Words, such as, but not limited to "believe," "anticipate," "intends,"

"estimate," "forecast," "project," "plan," "potential," "may," "should,"

"expect," "pending" and similar expressions identify forward-looking statements.

The forward-looking statements in this press release are based upon various

assumptions.  Although Golden Ocean believes that these assumptions were

reasonable when made, because these assumptions are inherently subject to

significant uncertainties and contingencies which are difficult or impossible to

predict and are beyond the control of Golden Ocean, Golden Ocean cannot assure

you that they, or the combined company resulting from the merger, will achieve

or accomplish these expectations, beliefs or projections. The information set

forth herein speaks only as of the date hereof, and Golden Ocean disclaims any

intention or obligation to update any forward-looking statements as a result of

developments occurring after the date of this communication.

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1914401]