The Board of Directors of Golden Ocean Group Limited (the "Company") has decided
to cancel the treasury shares that the Company holds.
In 2011 the Company purchased a total of 3,490,107 of the Company's own common
stocks on Oslo Stock Exchange, at an average price of NOK 3,99. The buy-back
program ended on 31 December 2011.
Following the cancellation of the shares, the outstanding issued shares in
Golden Ocean Group Limited is 453,500,000.
January 4, 2012
The Board of Directors
Golden Ocean Group Limited
Hamilton, Bermuda
For further information, please contact:
Herman Billung: CEO, Golden Ocean Management AS
+47 22 01 73 41
Birgitte Ringstad Vartdal: CFO, Golden Ocean Management AS
+47 22 01 73 53
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Golden Ocean Group via Thomson Reuters ONE
[HUG#1575175]
