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Golden Ocean takes delivery of Q Arion

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Dry Bulk,

The company has announced that it has taken delivery of additional one vessel, Q Arion (to be renamed Golden Arion).

Golden Ocean has issued 1000000 consideration shares to Quintana Shipping Ltd. and associated companies in exchange for the vessel. Following this transaction, the company's issued share capital is US$ 6 311 149.60 divided into 126 222 992 issued shares, each with a nominal value of US$0.05.

Reference is made to the stock exchange notice dated 14 March, 2017 where Golden Ocean Group Limited (NASDAQ and OSE: GOGL) ("Golden Ocean" or the "Company") announced that it had entered into agreements to acquire 16 modern dry bulk vessels in an all-share transaction where the company will issue in aggregate 17.8 million consideration shares.

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