FRO – Confirmation of Ex-Dividend Date *CORRECTION

23.12.2004

We refer to the press release issued on December 22nd 2004, 
where it is stated that the tentative ex-dividend date *on 
the New York Stock Exchange* in connection with the 
demerger of Golden Ocean Group Limited is December 23rd. We 
hereby confirm that the ex-dividend date *on the New York 
Stock Exchange* will be December 23rd 2004.

Hamilton, Bermuda
December 23rd 2004