GOGL – Long term time charter contracts

Golden Ocean Group Limited is pleased to advise that the Company has fixed out on time charter the two Panamax vessels Mulberry Paris and Mulberry Wilton.

The vessels presently traded in the spot market will be delivered to their Charterer by the end of the first quarter of 2008 and will be on time charter until the termination of the Head Charter Agreement with Dreyfus in August and December 2011 respectively.