SOURCE: Golden Ocean Group

March 05, 2009 02:53 ET

GOGL - Stock Exchange Notice from Golden Ocean

HAMILTON, BERMUDA--(Marketwire - March 5, 2009) -

Hemen Holding Ltd has today notified Golden Ocean Group Limited that the Offer to purchase minimum 2/3 of the outstanding bonds (the Bonds") in the 3.625 % Golden Ocean Group Convertible Bond Issue 2007/2012 has been successful.

All condition's for the completion of the offer has been met or waived by Hemen Holding Ltd. The purchase price was 30% plus accrued interest.

Settlement Date will be 10 March 2009.

Hamilton, Bermuda
5 March 2009

Contact Persons:
Herman Billung: CEO, Golden Ocean Management AS
+47 22 01 73 40

Geir Karlsen: CFO, Golden Ocean Management AS
+47 22 01 73 53

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