Frontline Ltd. is pleased to announce the appointment of Mr. Frixos Savvides to its Board of Directors. Mr. Savvides, a Chartered Accountant, is a Fellow of the Institute of Chartered Accountants of England and Wales. He was the founder of the audit firm PKF Savvides and Partners in Cyprus and held the position of Managing Partner until 1999 when he became Minister of Health of the Republic of Cyprus. He held this office until 2003. Mr. Savvides is currently a senior independent business consultant, and holds several Board positions including his recent appointment as Vice Chairman of Cyprus Airways. Mr Savvides background and skills will provide a strong contribution to the Board of Frontline.
July 31, 2005
The Board of Directors
Questions should be directed to:
Contact person: Tor Olav Trøim. Director, Frontline Ltd