Golden Ocean Group Limited ("Golden Ocean" or the "Company") announces that the Company has, on January 14, 2019 purchased 50,000 of the Company's own common stocks. The shares have been bought on the Oslo Stock Exchange at an average price of NOK 54.4184 per share. After this transaction Golden Ocean holds a total of 520,000 own shares.

The transaction is part of the share buyback program announced on December 20, 2018.

Hamilton, Bermuda
January 14, 2019

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