Mandatory notification of trade


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.

Hamilton, Bermuda

18 January, 2001