Bridgewater Associates Plans Major Employee Ownership Expansion in Milestone Year 
Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role 
Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz 
U.S. Lawmakers Urge Pentagon to Blacklist More Chinese Tech Firms Over Military Ties 
Citi Appoints Ryan Ellis as Head of Markets Sales for Australia and New Zealand 
Instacart Stock Drops After FTC Probes AI-Based Price Discrimination Claims 
FDA Fast-Tracks Approval of Altria’s on! PLUS Nicotine Pouches Under New Pilot Program 
Maersk Vessel Successfully Transits Red Sea After Nearly Two Years Amid Ongoing Security Concerns 
Elliott Management Takes $1 Billion Stake in Lululemon, Pushes for Leadership Change 
Harris Associates Open to Revised Paramount Skydance Bid for Warner Bros Discovery 
Google and Apple Warn U.S. Visa Holders to Avoid International Travel Amid Lengthy Embassy Delays 
Toyota to Sell U.S.-Made Camry, Highlander, and Tundra in Japan From 2026 to Ease Trade Tensions 
7-Eleven CEO Joe DePinto to Retire After Two Decades at the Helm 
Nike Shares Slide as Margins Fall Again Amid China Slump and Costly Turnaround 
Volaris and Viva Agree to Merge, Creating Mexico’s Largest Low-Cost Airline Group 
Roche CEO Warns US Drug Price Deals Could Raise Costs of New Medicines in Switzerland 
Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy 
Hamilton, Bermuda, July 14, 2016 -- Golden Ocean Group Limited (the "Company"), hereby announces that the Board of Directors has resolved to carry out a 5-to-1 reverse share split of the Company's ordinary shares (the "Reverse Split").
Upon effectiveness of the Reverse Split, every five shares of the Company's issued and outstanding ordinary shares par value USD 0.01 per share will be automatically combined into one issued and outstanding ordinary share par value USD 0.05 per share. This will reduce the number of outstanding common shares from 529,728,928 to a maximum of 105,945,786 (depending on fractions). The effective date for the reverse share split, which means the first date the shares will be traded on a reverse share split basis on NASDAQ and the OSE, will be August 1, 2016.
No fractional shares will be issued in connection with the Reverse Split. The Company will purchase fractional shares for cancellation for a cash payment equal to the closing price per share for the Company's shares on the NASDAQ at the last trading day prior to the effective date for the reverse share split.
July 14, 2016
Hamilton, Bermuda
Golden Ocean Group Limited
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
HUG#2028787
CONTACT: Inger Marie Klemp (CFO), +47 23 11 40 00
