Mandatory Notification of Trade


Frontline has through market purchases executed 9 May 2001 bought back 100,000 of the Company’s common shares. The shares have been bought back at a price of NOK 181.03.

Total number of outstanding shares after this is 76,828,801. The shares have been acquired in accordance with a Board authorization to buy back shares. Including the mentioned transaction 3,207,145 shares has been acquired within a total of 7,500,000 authorized.

Hamilton, Bermuda

9 May 2001