SOURCE: Golden Ocean Group

January 14, 2008 02:57 ET

GOGL - NOTIFICATION OF SHARE REPURCHASE

HAMILTON, BERMUDA--(Marketwire - January 14, 2008) -



Golden Ocean Group Limited ("Golden Ocean" or the "Company") announces that is has acquired 2,500,000 of its own shares. The shares are to be held as treasury shares. In total the Board has approved the purchase of up to a total maximum of 27,2 million shares (10% of total outstanding shares).

The shares were acquired at an average price of NOK 25.75 per share. After this transaction Golden Ocean holds a total of 2,500,000 shares.

Hamilton, Bermuda
January 14, 2008

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 53



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