Frontline: Mandatory Notification of Trade


NORWAY, Jan. 19, 2001 (PRIMEZONE) – Frontline, has through market purchases, executed 18 January 2001 bought back 240,000 of the Company’s common shares. The shares have been bought back at a price of NOK 107.00.

Total number of outstanding shares after this is 77,101,511. The shares have been acquired in accordance with a Board authorization to buy back shares. Including the mentioned transaction 2,687,145 shares has been acquired within a total of 3,500,000 authorized.

CONTACT:  Tom E. Jebsen
          +47 23 11 40 00