Hemen Holding Limited ("Hemen"), a company indirectly controlled by trusts established by Mr.John Fredriksen for the benefit of his immediate family, has on29 January 2020 acquired 125,000 shares inGolden Ocean Group Limited ("Golden Ocean") at a purchase price ofNOK 42.3726 per share. Following the acquisition, Hemen will own 50,151,353 shares inGolden Ocean which will constitute 34.76% of the shares and votes inGolden Ocean . In addition, Hemen holds TRS agreements with underlying exposure to 4,905,000 shares inGolden Ocean . The expiry date of the TRS agreements is6th March 2020 and the TRS price isNOK 50.8498 per share. The foregoing calculations are based on 144,272,697 outstanding shares inGolden Ocean . This information is subject to the disclosure requirements set out in sections 4-2 of the Norwegian Securities Trading Act.
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