Acquisition of Kamsarmax Newbuilding contracts and long term time charter contracts

Golden Ocean Group Limited is pleased to advise that the Company has acquired two option two newbuilding contracts at Zhoushan Jinhaiwan Shipyard (Jinhaiwan) in China.

The vessels of 80,000 dwt will be delivered during 2011 and are “sister vessels” of the series ordered in October 2007.