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]