Frontline has decided to maintain, at unchanged conditions, the previous offer to the shareholders of ICB Shipping AB of SEK 115 per B-share and SEK 130 per A-share, for the time being until December 12, 1997.
Frontline nevertheless reserves the right to withdraw the offer prior to the above mentioned date.
Hamilton, Bermuda, December 8, 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