GOGL: Purchase Option Declaration

12 Feb 2025 12:06 CET

Golden Ocean Group Limited (NASDAQ/OSE: GOGL) (the "Company") announces that it
has declared the purchase options for eight Capesize vessels under the long-term
charter-in agreements with subsidiaries of SFL Corporation Ltd. The total
purchase price is $112 million en-bloc, and the options have been declared in
connection with the 10-year anniversary of the charter-in agreements. The
acquisition will be financed through a new $90 million revolving credit facility
subject to customary documentation and closing procedures, and cash on hand. It
is expected that the acquisition will be completed during Q3 2025.

February 12, 2025
Hamilton, Bermuda

For more info please contact:

Peder Simonsen, Interim Chief Executive Officer and Chief Financial Officer of
Golden Ocean Management AS.

Telephone +47 23 11 40 00

Forward-looking statements: This release may contain certain forward-looking
statements. By their nature, forward-looking statements involve risk and
uncertainty because they reflect the Company's current expectations and
assumptions as to future events and circumstances that may not prove accurate. A
number of material factors could cause actual results and developments to differ
materially from those expressed or implied by these forward-looking statements.

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