Frontline: Mandatory Notification of Trade


NORWAY, Jan. 5, 2001 (PRIMEZONE) — Frontline has, through market purchases, executed 4 January 2001 bought back 200,000 of the Company’s common shares. The shares have been bought back at a price of NOK 109.09.

Total number of outstanding shares after this is 77,611,511. The shares have been acquired in accordance with a Board authorization to buy back shares. Including the mentioned transaction 2,179,145 shares has been acquired within a total of 2,500,000 authorized.

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