SOURCE: Golden Ocean Group

September 18, 2008 01:07 ET

GOGL - Mandatory Notification of Trade

HAMILTON, BERMUDA--(Marketwire - September 18, 2008) -


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




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