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2016-02-24

GOGL - ISIN: NO 001 070105.5 - 3.07 per cent Golden Ocean Group Limited Senior Unsecured Convertible Bond Issue 2014/2019 (the "Convertible Bond")

On February 19, 2016 Golden Ocean Group Limited (the "Company") announced that
a private placement had been successfully carried out at NOK 5.00 per share,
raising gross proceeds of NOK 1,718,420,000 million (approximately USD 200
million) through the issuance of 343,684,000 new shares.

The Conversion Price in the Convertible Bond will be adjusted in accordance
with clause 14.6 of the Bond Agreement from US$19.93 to US$17.63 per share
effective from February 23, 2016.

Hamilton, Bermuda
February 24, 2016

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Golden Ocean Group Limited via Globenewswire

HUG#1988798

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