Company announcements: Golden Ocean

Golden Ocean - MISCELLANEOUS :: GOGL – SHARE BUY-BACK PROGRAM

Announcement Type: MISCELLANEOUS
Company: GOLDEN OCEAN GROUP LIMITED
Stock Code/Name: KU3 - Golden Ocean

MISCELLANEOUS

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Name of Announcer *	GOLDEN OCEAN GROUP LIMITED
Company Registration No.	N.A.
Announcement submitted on behalf of	GOLDEN OCEAN GROUP LIMITED
Announcement is submitted with respect to *	GOLDEN OCEAN GROUP LIMITED
Announcement is submitted by *	Birgitte Ringstad Vartdal
Designation *	CFO Golden Ocean Management AS
Date & Time of Broadcast	06-Sep-2011 02:04:09
Announcement No.	00001

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Announcement Title *

GOGL – Share buy-back program

Description

The Board of Directors of Golden Ocean Group Limited (the “Company”) has on 23 August 2011 decided to initiate a buy-back program of up to 45,000,000 shares. The buy-back program will be initiated on 6 September 2011 and end on 31 December 2011. The objective of the share buy-back program is to distribute the Company’s equity capital to its shareholders in a manner more beneficial to the shareholders than through an ordinary dividend. The shares purchased under the program will be kept as treasury shares and may ultimately be cancelled. The maximum amount to be paid per share is NOK 6. September 5, 2010 The Board of Directors Golden Ocean Group Limited Hamilton, Bermuda For further information, please contact: 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

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