On February 20, 2018 Golden Ocean Group Limited announced a dividend of US$0.10 per share. The Conversion Price will be adjusted on the Convertible Bond from US$88.15 to US$87.19 per share effective on March 2, 2018, which was the ex-dividend date.

Hamilton, Bermuda March 5, 2018

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