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2016-02-24

Golden Ocean Group Limited: GOGL - Approval and Publication of Prospectus

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO U.S. NEWS WIRE
SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, CANADA, AUSTRALIA OR
JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD
BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES. THIS
ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED
HEREIN.

Reference is made to the private placement in Golden Ocean Group Limited (the
"Company") of 343,684,000 new shares (the "New Shares") for gross proceeds of
NOK 1,718,420,000 (approximately USD 200 million) (the "Private Placement")
and the subsequent offering (the "Subsequent Offering") of up to 34,368,400
new shares (the "Offer Shares") for gross proceeds of up to NOK 171,842,000
(approximately USD 20 million) (equal to up to 10% of the size of the Private
Placement).

Approval and Availability of the Prospectus:

The Norwegian Financial Supervisory Authority (Nw. Finanstilsynet) has
approved the prospectus of the Company dated February 23, 2016 (the
"Prospectus"), for the (i) listing of the New Shares issued in the Private
Placement, each with a par value of USD 0.01; and (ii) the Subsequent
Offering and listing of up to 34,368,400 Offer Shares, each with a par value
of USD 0.01.

The New Shares issued in the Private Placement will be tradable on Oslo Børs
under the separate trading symbol "GOGL R" from and including February 24,
2016.

The subscription period for the Subsequent Offering will commence at 09:00
a.m. CET on February 29, 2016 and expire at 16:30 p.m. CET on March 11, 2016.

The Prospectus will be available at the following
websites:www.goldenocean.bmunder Investors/Prospectus ;
www.danskebank.no/goldenocean; www.dnb.no/emisjoner; www.arctic.com;
http://securities.clarksons.com/emisjoner; and www.nordea.no/gogl. Hard
copies of the Prospectus may be obtained by contacting, Danske Bank (+47 85
40 69 41), DNB Markets (+47 23 26 81 01), Arctic Securities (+47 21 01 30
40), Clarksons Platou Securities (+47 22 01 63 00) or Nordea Markets (+47 24
01 34 62).

Managers;

Danske Bank, DNB Markets, part of DNB Bank ASA, Arctic Securities AS,
Clarksons Platou Securities AS and Nordea Markets, part of Nordea Bank Norge
ASA have acted as Managers of the Private Placement and the Subsequent
Offering.

***

For more information, please refer to the Prospectus.

February 24, 2016

Hamilton, Bermuda

Golden Ocean Group Limited

***

Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking
statements. The Private Securities Litigation Reform Act of 1995 provides
safe harbor protections for forward-looking statements, which include
statements concerning plans, objectives, goals, strategies, future events or
performance, and underlying assumptions and other statements, which are other
than statements of historical facts. Words such as "believe," "anticipate,"
"intends," "estimate," "forecast," "project," "plan," "potential," "may,"
"should," "expect," "pending" and similar expressions identify
forward-looking statements.

The forward-looking statements in this press release are based upon various
assumptions. Although we believe that these assumptions were reasonable when
made, because these assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible to predict
and are beyond our control, we cannot assure you that we will achieve or
accomplish these expectations, beliefs or projections. The information set
forth herein speaks only as of the date hereof, and we disclaim any intention
or obligation to update any forward-looking statements as a result of
developments occurring after the date of this communication.

In addition to these important factors and matters discussed elsewhere herein,
important factors that, in our view, could cause actual results to differ
materially from those discussed in the forward-looking statements include the
strength of world economies, fluctuations in currencies and interest rates,
general market conditions, including fluctuations in charter hire rates and
vessel values, changes in demand in the dry bulk market, changes in our
operating expenses, including bunker prices, drydocking and insurance costs,
the market for our vessels, availability of financing and refinancing,
changes in governmental rules and regulations or actions taken by regulatory
authorities, potential liability from pending or future litigation, general
domestic and international political conditions, potential disruption of
shipping routes due to accidents, political events or acts by terrorists, and
other important factors described from time to time in the reports filed by
the Company with the Securities and Exchange Commission.

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

---------------------------------------

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#1988782

Författare WKR

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