Golden Ocean Group — Share Issue/Capital Change 2021

Jan 13, 2021

GOGL - Declaration of options

GOGL - Declaration of options

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

or the "Company") announced an option holder has exercised options to acquire

100,000 shares in the Company in accordance with the terms previously disclosed.

The option exercise will be settled in full with treasury shares held by the

Company. Following the delivery of the shares, Golden Ocean will hold a total of

845,000 treasury shares.

January 13, 2021

Hamilton, Bermuda

The Board of Directors

Golden Ocean Group Limited

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

the Norwegian Securities Trading Act.