Time charter and sale leaseback agreement

Golden Ocean Group Limited ( “Golden Ocean” or the “Company”) is pleased to advise that the Company has fixed out two out of four Daehan Capesize Vessels ordered in December 2006 (vessel no 3 and no 4).

The vessels are fixed out for a period of 5 years at a net rate of USD 36.800 per day to Goldbeam, guaranteed by Jinhui Shipping and Transportation Limited (OSE: JIN).