OSLO, Norway, April 17, 2001 (PRIMEZONE) — Holders of Frontline (Nasdaq:FRONY) warrants have exercised 37,985 warrants. Frontline has, in exchange for proceeds equal to USD 60,426, issued 3,798 shares.
Frontline has acquired 73,791 warrants at a price of NOK 1.57 per warrant.
Total number of outstanding warrants after this is 23,780,516.
CONTACT: Frontline, Oslo, Norway
Tom E. Jebsen, CFO
+47 23 11 40 00