FRO – Confirmation of Ex-Dividend Date

23.12.2004

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

Hamilton Bermuda,
23rd December 2004