Golden Ocean Group (OSL:GOGL) GOGL - Mandatory Notification Of Trade

Golden Ocean Group (OSL:GOGL) Geir Karlsen (CFO of Golden Ocean Management AS) has extended a TRS agreement that expired December 1, 2008. The TRS agreement has exposure to 175,000 underlying shares in Golden Ocean Group Limited. New expiry date is March 4 2009, and new TRS price is NOK 3.52.

Hamilton, Bermuda December 2, 2008

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Golden Ocean Group

http://www.goldenocean.bm

ISIN: BMG4032A1045

Stock Identifier: XOSL.GOGL