Golden Ocean Group

Share Issue/Capital Change • Aug 1, 2016

Ex reverse split,new face value and new ISIN 01.08.2016 for GOGL og GOGL R

Ex reverse split,new face value and new ISIN 01.08.2016 for GOGL og GOGL R

Reference is made to announcement from the company

25.07.2016.

The shares in Golden Ocean Group Limited - GOGL and

GOGL R - will be traded ex reverse

split, new face value and with new ISIN as from

01.08.2016.

Reverse split ratio: 5 shares of a par value of USD

0.01 will each become 1

share of a par value of USD 0.05

GOGL:

New - Face value: USD 0.05

New - EMS: 300

New - ISIN: BMG396372051

No change - Instrument ID: 1301610

No change - Trading Currency: NOK

No change - Segment: OBMA

GOGL R:

New - Face value: USD 0.05

New - EMS: 300

New - ISIN: BMG396371301

No change - Instrument ID: 1302288

No change - Trading Currency: NOK

No change - Segment: OBMA