GOGL - Repurchase of shares

Golden Ocean Group Limited ("Golden Ocean" or the "Company") announces that the
Company has, on August 23 2012, purchased 25,000 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 4,445,162 own shares.


The transaction is part of the share buyback program announced on May 31, 2012.



Hamilton, Bermuda
August 23, 2012


This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.


[HUG#1636024]