One employee of Frontline 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 76,480,066*.
Hamilton, Bermuda
7 March, 2003
Contact persons:           
Ola Lorentzon, +47 23 11 40 00