Golden Ocean Group

Share Issue/Capital Change • Mar 1, 2021

GOGL - Private placement: issue of New Shares

GOGL - Private placement: issue of New Shares

1 March 2021, Hamilton, Bermuda

Reference is made to the stock exchange release by Golden Ocean Group Limited

(NASDAQ and OSE: GOGL) ("Golden Ocean" or the "Company") on 17 February 2021

regarding completion of the private placement of new shares in the Company (the

"Private Placement").

The new shares have been legally and validly issued and fully paid, and the

Company's issued share capital has been increased to USD 9,924.012.20, divided

into 198,480,244 issued shares, each with a nominal value of USD 0.05.

The new shares are registered under a separate ISIN pending approval of a

listing prospectus by the Financial Supervisory Authority of Norway, and will

not be listed or tradable on the Oslo Stock Exchange until the listing

prospectus is approved.

For further queries, please contact:

Ulrik Andersen: Chief Executive Officer, Golden Ocean Management AS

+47 22 01 73 53

Peder Simonsen: Chief Financial Officer, Golden Ocean Management AS

+47 22 01 73 45