Golden Ocean Group : GOGL - Two newbuilding contracts for 60,000 dwt Supramax bulk carriers

Golden Ocean Group : GOGL - Two newbuilding contracts for 60,000 dwt Supramax
                                bulk carriers

Golden Ocean Group Limited ("Golden Ocean" or the "Company") is pleased to
announce that it has concluded two newbuilding contracts for 60,000 dwt
Supramax bulk carriers with Japan Marine United Corporation ("JMU") in Japan.

The design provided by JMU represents the future design Supramax bulk carriers
with the latest technology available in order to secure fuel efficiency. The
vessels are expected to be delivered during the first quarter of 2015. The
Board is of the opinion that it has obtained favorable terms, attractive
pricing and considers risk / reward as attractive from a historical
perspective.



April 1, 2013

The Board of Directors
Golden Ocean Group Limited
Hamilton, Bermuda

Contact Persons:
Herman Billung: CEO, Golden Ocean Management AS
+47 22 01 73 41
Birgitte Ringstad Vartdal: CFO, Golden Ocean Management AS
+47 22 01 73 53


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

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Source: Golden Ocean Group via Thomson Reuters ONE
HUG#1689327