Golden Ocean Group — Director's Dealing 2010

Feb 23, 2010

GOGL - Mandatory Notification of Trade

Geir Karlsen (CFO of Golden Ocean Management AS) has extended a TRS agreement

that expired February 23, 2010.  The TRS agreement has exposure to 125,000

underlying shares in Golden Ocean Group Limited.  New expiry date is March

23, 2010, and new TRS price is NOK 10,64.

Hamilton, Bermuda

February 23, 2010

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#1387652]