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Golden Opal delivered

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Dry Bulk,

Following Golden Ocean Group Ltd’s earlier announcement regarding the 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 now taken delivery of a dry bulk vessel.

The company has taken delivery of the vessel Sea Opal (to be renamed Golden Opal). Golden Ocean has issued 1 650 000 consideration shares to Hemen Holding Ltd in exchange for the vessel. Following this transaction, the company's issued share capital is US$6 476 149.60 divided into 129 522 992 issued shares, each with a nominal value of US$0.05.

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Dry bulk shipping market