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Thursday, 09/18/2008 4:50:51 AM

Thursday, September 18, 2008 4:50:51 AM

Post# of 1210
GOGL - Mandatory Notification of Trade
NOK 20,00 in Oslo = USD 3.46

Golden Ocean Group Limited ("Golden Ocean" or the "Company") advises that the Company has re-purchased $8,000,000 of nominal value of Convertible Bonds with ISIN NO 0010403892 (the "CBs") at a price of 84.75 per cent per bond.

As of today Golden Ocean owns $8,000,000 of CBs representing 4% of the total outstanding issue.

September 19, 2008
Hamilton, Bermuda

Contact Persons:
Herman Billung: CEO, Golden Ocean Management AS
+47 22 01 73 41

Geir Karlsen: CFO, Golden Ocean Management AS
+47 22 01 73 45

Published: 07:06 18.09.2008 GMT+2 /HUGIN /Source: Golden Ocean Group /OSE: GOGL /ISIN: BMG4032A1045

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