OSLO, Norway, June 25, 2001 (PRIMEZONE) — Frontline (Nasdaq:FRONY) has, through market purchases, executed June 22, 2001, bought back 50,000 of the Company’s common shares. The shares have been bought back at a price of NOK 165,93.
Total number of outstanding shares after this is 76,912,566. The shares acquired are done so in accordance with a Board authorization to buy back shares. Including the mentioned transaction 3,407,145 shares has been acquired within a total of 7,500,000 authorized.
CONTACT: Frontline, Oslo
Kate Blankenship
+1 441 295 6935
Tom E. Jebsen
+47 23 11 40 00