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Wie ist die zukünftige Entwicklung einzuschätzen?

The Board of Golden Ocean Group Limited (the `Company
or `Golden Ocean`) is pleased to report net income of $16.0
million and earnings per share of $0.07 for the first
quarter of 2005. Total operating revenues were $14.3
million, total operating expenses were $9.0 million and net
other income was $10.7 million. Net other income includes
a gain of $10.7 million arising on the sale of shares in
Jinhui Shipping and Transport.

Cash and cash equivalents increased $12.6 million during
the quarter. The Company generated cash from operating
activities and investing activities of $2.9 million and
$11.0 million, respectively and used $1.1 million to pay
debt facility instalments.

At March 31, 2005, the total shares outstanding in Golden
Ocean were 224,477,607 of $0.10 par value each.

Corporate and Other Matters

In December 2004, Frontline Ltd. (`Frontline`), the
Company`s former parent company, acquired newbuilding
contracts for two Panamax bulk carriers of 74,500 dead
weight tons (`dwt`), each to be delivered from the Hudong
Zhonghua Shipbuilding (Group) Co. Ltd. in China in the
second half of 2005. The contract price for each vessel is
$42 million. Golden Ocean has an option to acquire
Frontline`s interest in these newbuildings at Frontline`s
cost plus Frontline`s funding expenses. Golden Ocean has,
in connection with the delivery of the first vessel in June
2005, exercised the purchase option for the first vessel.

In the first quarter of 2005, the Company agreed to charter
in two Panamax bulk carriers. One will be taken on a two
year time charter from July 2005 at $27,800 per day and has
been fixed out on back to back terms at $29,925 per day
net. The second vessel will be taken on a five year time
charter from September 2005 at $17,600 per day.

In February 2005, Bocimar N.V. exercised its option to
extend the time charter agreement on Channel Alliance for
their last optional year. The revised re-delivery date for
Channel Alliance is now July 2006.

In April 2005, the Company announced that the Channel
Navigator has been fixed out for a period of three years
with December 2005 delivery at an average rate of $43,750
net per day.

In February 2005, the Company filed a notification of
ownership in excess of five percent in the public dry bulk
company Jinhui Shipping and Transport (`Jinhui`). In March
31, 2005, the Company had sold its entire position in
Jinhui.

The Company advises that an extraordinary general meeting
of shareholders (the `EGM`) was held on March 21, 2005.
The purpose of the meeting was to approve an increase in
the number of directors of the Company from a maximum of
three to a maximum of six, and to approve the establishment
of an employee share option program. Both of these items
were approved by shareholders and immediately following the
EGM Mr. John Sawyer and Mr. Hans Christian Børresen were
appointed as directors of the Company.

On May 3, 2005, the Company announced it had entered into
an agreement with Louis Dreyfus Corporation to take over
the time charter commitment for a fleet of ten modern
Panamax bulk carriers. Six of the vessels are to be
delivered in 2005 while the remaining four are newbuildings
to be delivered during 2007. The Company is paying a lump
sum of $143.0 million as consideration for taking over the
commitments on June 1, 2005.

The full report is enclosed on the link above.

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31.05.2005
Shareholder Number of shares Ownership (%)
HEMEN HOLDING LIMITE C/O SEATANKER MANAGE 81.737.159 36,41%
GOLDMAN SACHS & CO EQUITY NONTREATY CUS 17.258.059 7,69%
MORGAN STANLEY AND C CLIENTS SAFE CUSTODY 15.637.383 6,97%
GOLDMAN SACHS & CO EQUITY HOUSE CLEARAN 8.898.500 3,96%
FIDELITY FUNDS-EUROP BROWN BROTHERS HARRI 4.731.900 2,11%
SKAGEN KON-TIKI 3.550.000 1,58%
SKANDINAVISKA ENSKIL A/C CLIENTS ACCOUNT 3.423.278 1,53%
DEUTSCHE BANK AG LON 3.151.166 1,40%
SKAGEN VEKST 2.500.000 1,11%
CLEARSTREAM BANKING CID DEPT, FRANKFURT 2.044.194 0,91%
DnB NOR MARKETS, AKS MARKET-MAKING DERIVA 1.890.666 0,84%
NORSE SECURITIES ASA MEGLERKONTO INNLAND 1.684.000 0,75%
JPMORGAN CHASE BANK FIDELITY LENDING ACC 1.630.900 0,73%
MERRILL LYNCH PIERCE, FENNER & SMI 1.622.194 0,72%
SVENSKA HANDELSBANKE C/O HANDELSBANKEN AS 1.604.810 0,71%
NATIONAL FINANCIAL S 1.532.761 0,68%
LEHMAN BROTHERS INC. EBOC-CUSTOMER SEGREG 1.408.275 0,63%
GOLDMAN SACHS INTERN EQUITY NONTREATY CUS 1.376.386 0,61%
TS INDUSTRI INVEST A 1.344.000 0,60%
SIS SEGAINTERSETTLE 1.222.118 0,54%
OTHER 66.227.758 29,50%
TOTAL OUTSTANDING 224.475.507 100,00%

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Golden Ocean Group

Published: 11:16 07.07.2005 GMT+2 /HUGIN /Source: Golden Ocean Group /OSE: GOGL /ISIN: BMG4032A1045

Golden Ocean Group Limited - New web-site



We have launched a new web-site today on www.goldenocean.bm. Since the Company was listed on the Oslo Stock Exchange in December 2004, the Company has seen an ever increasing flood of requests for information on presentations, announcement dates, reports etc. We hope with this new design that many more people will be able to help themselves and thereby leave the Company`s precious resources - its human software - to do what they should, that is help the Company outperform the market.

We have made the following information available on the front page of the web-site:
# Latest press release
# Latest report
# Latest presentation
# Share value: updated share prices on Oslo Stock Exchange. It is also possible to click on the link called "Details" to get historical share price and you can compare the share development with its peers in the dry bulk market.
# Financial calendar: this shows when we will issue the quarterly reports. This might be subject to changes and the web-site will be updated if changes occur.

We wish you all safe navigation.
July 7, 2005
Golden Ocean Management AS
Bengt Neteland
Jonas Ytreland




This press release was brought to you by Hugin Online, distributor of electronic press releases for companies listed on selected European stock exchanges. Address: http://www.huginonline.com/Norway/GOGL

To alter your subscription profile or to unsubscribe, please go to: http://www.huginonline.com/email

The Hugin Team

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Press release from Golden Ocean Group Ltd. 18.07.2005


The Board of Golden Ocean Group Limited is pleased to announce that the Company has completed a private placement of 22,400,000 shares placed at a subscription price of NOK 4.23 per share. The proceeds from the offering, approximately USD 14 million, will mainly be used to finance the equity portion for the recently delivered Panamax Golden Dena.

After the issue, the Company has 246,877,607 shares outstanding at par value USD 0.10 per share.

Hemen Holding presubscribed and was allotted a total of 11,200,000 shares. Hemen owns after this 92,937,159 shares equal to 37.6 % of the outstanding shares in Golden Ocean.

Enskilda Securities acted as manager for the transaction.

Hamilton, Bermuda, July 18, 2005


Herman Billung, CEO
[phone]

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Exchange Last +/- % Bid Ask Volume High Low Time
Oslo 4.44 2.78 4.41 4.44 1,558,000 4.44 4.34 19-07-2005 11:07

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Golden Ocean Group

Published: 14:41 16.08.2005 GMT+2 /HUGIN /Source: Golden Ocean Group /OSE: GOGL /ISIN: BMG4032A1045

Golden Ocean Group Limited - Q2 2005 results



Golden Ocean`s Second Quarter 2005 results will be released on Friday August 19th, 2005. In connection with this a presentation will be held as described below:

Presentation
A presentation of Golden Ocean`s Second Quarter 2005 will take place in Oslo at Stranden 21 (DnB NOR building) in the Auditorium on second floor on Friday August 19th, 2005 at 08:30 A.M. If you wish to attend please confirm to:
Mrs. Lise Haie at [phone]

Kind regards,
Inger M. Klemp





This press release was brought to you by Hugin Online, distributor of electronic press releases for companies listed on selected European stock exchanges. Address: http://www.huginonline.com/Norway/GOGL

To alter your subscription profile or to unsubscribe, please go to: http://www.huginonline.com/email

The Hugin Team

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Press release from Golden Ocean Group Ltd. 19.08.2005

The Board of Golden Ocean Group Limited (the "Company" or "Golden Ocean") is pleased to report net income of $16.9 million and earnings per share of $0.08 for the second quarter of 2005. Total operating revenues were $17.3 million, increased from $14.3 million in the first quarter, total operating expenses were $10.6 million and net other income was $10.3 million. Net other income includes a gain of $11.6 million arising on the market to market valuation of freight derivatives.

Cash and cash equivalents decreased $17.5 million during the quarter. The Company generated cash from operating activities and financing activities of $19.2 million and $150.0 million, respectively and used $186.6 million for investing activities.

For the six months ended June 30, 2004 the Company reports net income of $32.9 million and earnings per share of $0.15. Total operating revenues were $31.5 million, total operating expenses were $19.7 million and net other income was $21.0 million.

At June 30, 2005, the total shares outstanding in Golden Ocean were 224,477,607 of $0.10 par value each.

The full report is available on the following link:

http://hugin.info/135378/R/1007244/155532.pdf

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Golden Ocean Group

Published: 10:01 30.09.2005 GMT+2 /HUGIN /Source: Golden Ocean Group /OSE: GOGL /ISIN: BMG4032A1045

GOGL - CAPE SIZE NEW BUILDING CONTRACT IN CHINA



Golden Ocean Group Limited (GOGL) is pleased to advise that the Company has acquired two new building contracts at Shanghai Wai Qiao Shipbuilding Co., Ltd.

Two vessels of 175,000 dwt will be delivered by the end of 2006 and first half of 2007 respectively.

The agreed purchase price is USD 59 million per unit.

The management of Golden Ocean finds the combination of price and time of delivery attractive and a right step forward in its growth strategy.

The vessels are anticipated to be financed with a 70 percent credit facility which will have a cash break even rate of approximately USD 18,400 per day. The P&L breakeven for the vessels based on a 25 year life will be approximately USD 16,700 per day.


Hamilton, Bermuda
27 September, 2005

Contact Person:
Herman Billung: Chief Executive Officer, Golden Ocean Management AS
[phone]


This press release was brought to you by Hugin, distributor of electronic press releases for companies listed on selected European stock exchanges. Address: http://www.huginonline.com/Norway/GOGL

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Kurs in Oslo wieder im Bereich des ATH bei 5,66 NOK, m. E Tendenz weiter steigend. Enzwicklung in den letzten 3 Monaten
+ 31,6%
http://www.goldenocean.no/IR/shareprice.php

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Published: 14:38 04.11.2005 GMT+1 /HUGIN /Source: Golden Ocean Group /OSE: GOGL /ISIN: BMG4032A1045

Golden Ocean Group Limited - Presentation of Q3 2005 Results




Golden Ocean`s Third Quarter 2005 results will be released on Wednesday November 9th, 2005. In connection with this a presentation will be held as described below:

Presentation
A presentation of Golden Ocean`s Third Quarter 2005 will take place in Oslo at Stranden 21 (DnB NOR building) in the Auditorium on second floor on Wednesday November 9th, 2005 at 10:00 A.M. If you wish to attend please confirm to:
Mrs. Lise Haye at [phone].


Oslo, 04.11.2005

Kind regards,
Cathrine Fosse

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Golden Ocean Group

Published: 09:44 09.11.2005 GMT+1 /HUGIN /Source: Golden Ocean Group /OSE: GOGL /ISIN: BMG4032A1045

GOGL - Quarter and Nine Months ended September 30, 2005



GOLDEN OCEAN GROUP LIMITED

Interim Results

Quarter and Nine Months ended September 30, 2005

The Board of Golden Ocean Group Limited (the "Company" or "Golden Ocean") is pleased to report net income of $9.4 million and earnings per share of $0.04 for the third quarter of 2005.

Total operating revenues were $26.7 million, increased from $17.3 million in the second quarter of 2005. This increase primarily reflects a full quarter`s trading in the third quarter for the vessels subject to the Louis Dreyfus charter arrangements that were acquired effective June 1 and the Panamax, Golden Dena, delivered to the Company on June 8, 2005. The Company had a total of 1,200 ship operating days in the third quarter compared to 500 in the previous quarter. Total operating expenses were $17.5 million, again an increase from prior periods reflecting the expansion of the Company`s fleet and organisation. Net operating income for the third quarter was $9.2 million, increased from $6.6 million in the second quarter.

Net other income decreased to $0.1 million from $10.3 million in the second quarter. This is mainly the result of an increase in interest expense of $2.3 million due to the fleet expansion and a decrease of $7.7 million in the gain on derivative trading.

Cash and cash equivalents increased $6.9 million during the quarter. The Company generated cash from operating activities and financing activities of $24.0 million and $25.1 million, respectively and used $42.2 million for investing activities.

For the nine months period ended September 30, 2005 the Company reports net income of $42.3 million and earnings per share of $0.18. Total operating revenues were $58.3 million, total operating expenses were $37.2 million and net other income was $21.2 million.

At September 30, 2005, the total number of shares outstanding in Golden Ocean was 246,877,607 of $0.10 par value each and the weighted average number of shares for the quarter and nine months then ended was 242,738,477 and 230,631,453, respectively.

The full report is available on the link below.


Interim Results

November 9, 2005
The Board of Directors
Golden Ocean Group Limited
Hamilton, Bermuda

Questions should be directed to:
Herman Billung: CEO
[phone]


This press release was brought to you by Hugin, distributor of electronic press releases for companies listed on selected European stock exchanges. Address: http://www.huginonline.com/Norway/GOGL