Acquisition of Capesize and Handysize bulk carriers

Hamilton, Bermuda, September 3, 2013

Golden Ocean Group Limited ("Golden Ocean" or the "Company") is pleased to announce that it has acquired one 2010 Korean built 181,000 dwt Capesize bulk carrier and one 2010 China built 29,200 dwt Handysize bulk carrier.

The vessels are bought in an enblock transaction jointly on a 50/50 basis with a strategic partner (cargo owner).

The Company took delivery of the vessels today, September 3, 2013. The Board is of the opinion that it has obtained a favorable price and considers risk / reward as attractive from a historical perspective.

Golden Ocean Group Limited press release