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GOGL - Written Resolution of Shareholders Approved

HAMILTON, Bermuda, Feb. 22, 2016 (GLOBE NEWSWIRE) -- Referring to the notice from Golden Ocean Group Limited (the "Company") on February 22, 2016, the Company hereby confirms that the proposed resolution has been approved by the required majority vote of shareholders. As a result, the Company's authorised share capital has been increased to US$6,000,000.00 divided into 600,000,000 common shares of US$0.01 par value each.

Hamilton, Bermuda
February 22, 2016

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

HUG#1988296

CONTACT: Inger Marie Klemp (CFO), +47 23 11 40 00Source:Golden Ocean Group Limited

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