Mandatory notification of trade


Frontline has through market purchases executed 20 December 2000 bought back 300,000 of the Company’s common shares. The shares have been bought back at a price of NOK 103,68.

Total number of outstanding shares after this is 78,316,500. The shares have been acquired in accordance with the Board authorization to buy back up to 1,500,000 shares. Including the mentioned transaction 1,469,845 shares have been acquired within this authorization.

Hamilton, Bermuda

21 December, 2000