General meeting of Golden Ocean Group Ltd.

Item number 2: Board authorization to appoint new board members
The board requests authorization from the general meeting to appoint new board members. As a matter of principle, Folketrygdfondet takes the view that board members should be elected by the shareholders through the general meeting.
Folketrygdfondet will therefore vote against granting the board authorization to appoint new board members.
 
Item number 10: Amendment to the bye-laws of the Company
The proposed amendment defines the threshold for approving an ordinary resolution -- including a merger or amalgamation of the company -- as a simple majority of votes cast at a general meeting. As a matter of principle, Folketrygdfondet is of the view that for such matters, requiring a simple majority does not sufficiently protect minority shareholder rights. Moreover, the company has not provided a compelling rationale for setting the threshold for approval at this level.