OSLO, Norway, March 12, 2002 (PRIMEZONE) — One employee of Frontline (NYSE:FRO) has exercised options to acquire a total of 5,000 shares in Frontline. All shares have been acquired at a strike price of NOK 30.83 per share. Total proceeds were NOK 154,150.
Total number of outstanding shares after this is 76,466,566.
CONTACT: Frontline, Oslo
Kate Blankenship
+1 441 295 6935
Tom E. Jebsen
+47 23 11 40 00