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Golden Ocean takes delivery of Sea Amber

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Dry Bulk,

Reference is made to the stock exchange notice dated 14 March, 2017 where Golden Ocean Group Limited (NASDAQ and OSE: GOGL) 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.

The company has announced that it has taken delivery of additional one vessel, Sea Amber (to be renamed Golden Amber). Golden Ocean has issued 1650 000 consideration shares to Hemen Holding Limited in exchange for the vessel. Following this transaction, the company's issued share capital is US$6393649.60 divided into 127 872 992 issued shares, each with a nominal value of US$0.05.

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