OSLO, Norway, August 2, 2001 (PRIMEZONE) — Frontline (Nasdaq:FRONY) has, through market purchases executed August 1, 2001, bought back 50,000 of the Company’s common shares. The shares have been bought back at a price of NOK 132,69.
Total number of outstanding shares after this is 76,427,566. The shares acquired are done so in accordance with a Board authorization to buy back shares. Including the mentioned transaction, 3,892,145 shares have been acquired within a total of 7,500,000 authorized.
CONTACT: Frontline, Oslo
Kate Blankenship
+1 441 295 6935
Tor Olav Troim
+47 23 11 40 00