OSLO, Norway, August 17, 2001 (PRIMEZONE) — An employee of Frontline (Nasdaq:FRONY) has exercised options to acquire a total of 15,000 shares in Frontline. All shares have been acquired at a strike price of NOK 44.50 per share. Total proceeds were NOK 667,500.
Total number of outstanding shares after this is 76,407,566.
CONTACT: Frontline Ltd., Oslo
Tom E. Jebsen
+47 23 11 40 00
Kate Blankenship
+1 441 295 6935