Hemen Holding Limited ("Hemen"), a company indirectly controlled by trusts
established by Mr. John Fredriksen for the benefit of his immediate family, has
on 27 January 2020 acquired 400,000 shares in Golden Ocean Group Limited
("Golden Ocean") at a purchase price of NOK 39.7812 per share. Following the
acquisition, Hemen will own 49,776,353 shares in Golden Ocean which will
constitute 34.5% of the shares and votes in Golden Ocean. 

In addition, Hemen holds TRS agreements with underlying exposure to 4,905,000
shares in Golden Ocean. The expiry date of the TRS agreements is 6th March 2020
and the TRS price is NOK 50.8498 per share.

The foregoing calculations are based on 144,272,697 outstanding shares in Golden
Ocean. This information is subject to the disclosure requirements set out in
sections 4-2 of the Norwegian Securities Trading Act.

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