GOGL - Approved Prospectus

* Reuters is not responsible for the content in this press release.

Tue Jun 30, 2009 11:30am EDT 

  HAMILTON, NORWAY, Jun 30 (MARKET WIRE) -- 

Hamilton, Bermuda - 30 June 2009

    Oslo Bors has today approved a Prospectus dated 29 June 2009 issued by
Golden Ocean Group Limited ("Golden Ocean").

    The Prospectus relates to the admission of 180,000,000 new shares for
trading on Oslo Bors, bringing the total number of shares so admitted to
456,990,107. The Prospectus does not constitute an offer to buy,
subscribe or sell the securities described therein. The shares described
therein have already been subscribed for. The shares are validly and
legally issued, fully paid-up and properly registered in the Company's
shareholders' register, as well as issued in VPS. Upon the issuance of
the Prospectus, the new shares become admitted to, and available for,
trading.

    Giving rise to the Prospectus was an issue of 180,000,000 shares through
a private placement in April 2009. These new shares are ordinary shares
of Golden Ocean with a par value of USD 0.10 per share. The shares were
issued in April 2009 pursuant to a board resolution on 2 April 2009. The
shares were issued at a price of NOK 4.10 per share.

    The Prospectus is available in electronic form at the website of Golden
Ocean with address www.goldenocean.no.

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

    Copyright Copyright Hugin AS 2009. All rights reserved.

    

Contact:
Geir Karlsen
(CFO)
+47 23 11 40 00

Copyright 2009, Market Wire, All rights reserved.

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