Frontline Ltd. has through market transactions sold 23,918,832 shares in Golden Ocean Group Limited, equal to 10.66% of the total share capital. The shares were sold at an average price of NOK 4.20 through market transactions executed on February 2, 2005.
Frontline holds 179,136 in Golden Ocean Group Limited after this transaction.
Hamilton, Bermuda
February 2, 2005