GOGL - Repurchase of shares

Golden Ocean Group Limited ("Golden Ocean" or the "Company") announces that the Company has, on August 27 2012, purchased 1,075,000 of the Company's own common stocks. The shares have been bought on the Oslo Stock Exchange at an average price of NOK 4.00 per share. After this transaction Golden Ocean holds a total of 5,520,162 own shares. The transaction is part of the share buyback program announced on May 31, 2012. Hamilton, Bermuda August 27, 2012 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#1636465]