One employee of Frontline has exercised options to acquire a total of 4,000 shares in Frontline. All shares have been acquired at a strike price of NOK 27.58 per share. Total proceeds were NOK 110,320.
Total number of outstanding shares after this is 76,521,566.
19 May, 2003
Ola Lorentzon, +47 23 11 40 00