HAMILTON, Bermuda, May 12, 2003 (PRIMEZONE) — Employees of Frontline (NYSE:FRO) have exercised options to acquire a total of 37,500 shares in Frontline. All shares have been acquired at a strike price of NOK 27.58 per share. Total proceeds were NOK 1,034,250.
Total number of outstanding shares after this is 76,517,066.
CONTACT: Frontline Ola Lorentzon +47 23 11 40 00