Frontline's offer of SEK 115 per B-share is extended
Since ICB's general assembly decided to acquire Astro Tankers, Frontline has decided to maintain, at unchanged conditions, the previous offer of SEK 115 per B-share and SEK 130 per A-share, for the time being until October 31, 1997.
Frontline nevertheless reserves the right to withdraw the offer prior to the above mentioned date.
Hamilton, Bermuda, October 21, 1997
Frontline Ltd Board of Directors
Questions should be directed at: Tom E. Jebsen, CFO of Frontline Management AS, Tel +47 23 11 40 00
This press release is not to be published or distributed to persons with a U.S., Canadian or Japanese address or to people residing in these countries. This press release is not be distributed to, or within, other countries requiring further registration or action beyond what is required by Swedish law or where Swedish law conflicts with such domestic legislation. The offer is not directed at such persons whose participation implies actions as described above or whose action conflicts with domestic law as described above.