Golden Ocean Group — Share Issue/Capital Change 2017

Dec 5, 2017

GOGL - Capital adjustment

GOGL - Capital adjustment

The Board of Golden Ocean Group Limited (NASDAQ and OSE: GOGL) ("Golden Ocean"

or the "Company") announces that several holders of share options have exercised

options to acquire a total of 60,000 shares in the Company in accordance with

the terms previously disclosed to the market. The total number of shares

outstanding in the Company following this is 142,197,697, each with a nominal

value of USD 0.05.

December 5, 2017

Hamilton, Bermuda

The Board of Directors

Golden Ocean Group Ltd.

This information is subject to the disclosure requirements of section 5-12 of

the Norwegian Securities Trading Act.