SOURCE: Golden Ocean Group

August 18, 2009 07:32 ET

GOGL - Mandatory Notification of Trade

HAMILTON, BERMUDA--(Marketwire - August 18, 2009) -

Golden Ocean Group Limited ("Golden Ocean" or the "Company") advises that the Company has re-purchased $800,000 of nominal value of Convertible Bonds with ISIN NO 0010403892 (the "CBs") at a price of 61 per cent of par value.

As of today Golden Ocean owns $800,000 of CBs representing 3.2 per cent of the total outstanding amount.

August 18, 2009
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 53

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