FRO – Share incentive program 2011


The Board of Frontline Ltd. has approved a grant of 145,000 share options under the terms of the existing Share Option Scheme. The purpose of the Share Option Scheme is to promote long-term employment and align the long-term interest of shareholders and senior employees. The share options will have a five-year term and will vest equally one third each year over a three-year vesting period.  The strike price for the options has been set to NOK 131.10 per share.  Out of the total number of options 60,000 have been awarded to Primary Insiders.


The following Primary Insiders have received share options:

Jens Martin Jensen 20,000
Inger M. Klemp 20,000
Graham Baker 20,000


New total holdings for the same Primary Insiders are:

  Shares Share options
Jens Martin Jensen 0 70,000
Inger M. Klemp 16,000 70,000
Graham Baker 0 50,000



April 8, 2011
The Board of Directors
Frontline Ltd.
Hamilton, Bermuda


Questions should be directed to:
Jens Martin Jensen: Chief Executive Officer, Frontline Management AS
Inger M. Klemp: Chief Financial Officer, Frontline Management AS
+47 23 11 40 00


This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.