Frontline: Share Acquisition


HAMILTON, Bermuda, March 10, 2003 (PRIMEZONE) — One employee of Frontline (NYSE:FRO) has exercised options to acquire a total of 10,000 shares in Frontline. All shares have been acquired at a strike price of NOK 28.66 per share. Total proceeds were NOK 286,600.

Total number of outstanding shares after this is 76,466,066.

CONTACT:  Frontline Ltd.
          Ola Lorentzon
          +47 23 11 40 00