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Capital adjustments / Mandatory notification
Press release from Frontline Ltd. 03.05.2001
Holders of Frontline warrants have exercised 18,747 warrants. Frontline has in exchange for proceeds equal to USD 29,704 issued 1,867 shares.
Frontline has acquired 1,248,061 warrants at a price of NOK 3.57 per warrant.
Total number of outstanding shares after this is 76,928,801, and total number of outstanding warrants is 21,846,210.
3 May, 2001