HAMILTON, Bermuda, August 11, 2003 (PRIMEZONE) — Employees of Frontline (NYSE:FRO) (LSE:FRO) have exercised options to acquire a total of 2,666 shares in Frontline. All shares have been acquired at a strike price of USD 9.70 per share. Total proceeds were USD 25,860.20.
Total number of outstanding shares after this is 73,478,232.
CONTACT: Frontline Ltd Ola Lorentzon +47 23 11 40 00