GOGL - Changes to the Board composition

28 Mar 2025 22:30 CET

Golden Ocean Group Limited (Nasdaq: GOGL & OSE: GOGL) ("GOGL" or "the Company")
is pleased to announce the appointment of Mr. Carl Erik Steen and Mr. James
Ayers as Directors of the Company.

Carl Erik Steen has extensive experience from shipping and banking, including
head of shipping, oil services and the international division in Nordea bank.
Before joining Nordea, Mr. Steen headed the shipping and international division
in Christiania Bank and Kreditkassen ASA. Mr. Steen graduated in 1975 from ETH
Zurich Switzerland with a MSc in Industrial and Management Engineering. Mr.
Steen holds directorship positions in various Norwegian and international
companies including Golar LNG Ltd, Himalaya Shipping Ltd and Wilhelm Wilhelmsen
Holding ASA, where he is the Chairman.

James Ayers has held the position of Secretary of the Company since 2018.  Mr.
Ayers has been the CEO of Front Ocean Management Ltd. since 2021 and was
previously the Head of Corporate Administration at Frontline Ltd., where he
served from 2018.  Over the past decade, Mr. Ayers has held various director,
company officer and management positions across the maritime and offshore energy
sectors. Since 2019, Mr. Ayers has served as Director of Oslo-listed companies
Paratus Energy Services Ltd. and Northern Ocean Ltd. Before relocating to
Bermuda in 2015, when he joined Appleby law firm's corporate services division,
Mr. Ayers held management and corporate secretary positions within the finance
sector in the UK. Mr. Ayers holds a Master's degree in International Business
and Commercial Law (LLM), a Bachelor's degree in Law (LLB) and a professional
qualification in Legal Practice (LPC).

The Board of Directors
Golden Ocean Group Limited
Hamilton, Bermuda
March 28, 2025

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

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