| Daily Share Buy-Back Notice | |
| * Asterisks denote mandatory information | |
| Name of Announcer * | GOLDEN OCEAN GROUP LIMITED |
| Company Registration No. | N.A. |
| Announcement submitted on behalf of | GOLDEN OCEAN GROUP LIMITED |
| Announcement is submitted with respect to * | GOLDEN OCEAN GROUP LIMITED |
| Announcement is submitted by * | Birgitte R Vartdal |
| Designation * | CFO |
| Date & Time of Broacast | 03-Jul-2012 03:13:20 |
| Announcement No. | 00004 |
| Price Sensitivity | No |
| >> Announcement Details | |
| The details of the announcement start here ... |
| Name of Overseas Exchange where Company has Dual Listing (if applicable) | Oslo Stock Exchange | |
| (A) Share Buy-Back Authority | ||
| I. Maximum number of shares authorised for purchase * | 45000000 | |
| (B) Details of Purchases Made | ||
| I. Purchases made by way of market acquisition | Yes | |
| If answer to the above question is Yes, please fill in the following: | ||
| Singapore Exchange | Overseas Exchange | |
| 1 Date of Purchases | 02/07/2012 | |
| 2a Total number of shares purchased | 150000 | |
| 2b Number of shares cancelled | 0 | |
| 2c Number of shares held as treasury shares | 150000 | |
| 3a Price paid per share# or | Currency: Amount: | Currency: NOK Amount: 3.94 |
| 3b Highest price per share# | Currency: Amount: | Currency: Amount: |
| Lowest price per share# | Currency: Amount: | Currency: Amount: |
| 4 Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares# | Currency: Amount: | Currency: Amount: 591360 |
| # Specify currency | ||
| II. Purchases made by way of off market acquisition on equal access scheme? | No | |
| If answer to the above question is Yes, please fill in the following: | ||
| Singapore Exchange | Overseas Exchange | |
| 1 Date of Purchases | ||
| 2a Total number of shares purchased | ||
| 2b Number of shares cancelled | ||
| 2c Number of shares held as treasury shares | ||
| 3 Price paid or payable per share# | Currency: Amount: | Currency: Amount: |
| 4 Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares# | Currency: Amount: | Currency: Amount: |
| # Specify currency | ||
| (C) Cummulative Purchases | ||
| By way of market acquisition | By way of off-market acquisition on equal access scheme | Total | ||||
| No. | % (1) | No. | % | No. | % | |
| Cummulative no. of shares purchased to-date (2) | 150000 | 0,03 | 150000 | 0,03 | ||
| (1) Percentage of company's issued share capital as at the date of the share buy-back resolution | ||||||
| (2) From the date on which the share buy-back mandate is obtained | ||||||
| (D) Number of issued shares after purchase * | 453350000 | |||||
| Footnotes | GOGL - Repurchase of shares Golden Ocean Group Limited ("Golden Ocean" or the "Company") announces that the Company has, on July 2, purchased 150,000 of the Company's own common stocks. The shares have been bought on the Oslo Stock Exchange at an average price of NOK 3.94 per share. After this transaction Golden Ocean holds a total of 150,000 own shares. The transaction is part of the share buyback program announced on May 31, 2012. Hamilton, Bermuda July 2, 2012 |
