OSLO, Norway, May 29, 2001 (PRIMEZONE) — Two employees of Frontline have exercised options to acquire a total of 8,500 shares in Frontline. All shares have been acquired at a strike price of NOK 44.50 per share. Total proceeds were NOK 378,250.
Total number of outstanding shares after this is 77,012,566.
CONTACT: Frontline
Kate Blankenship, +1 441 295 6935
Tom E. Jebsen, +47 23 11 40 00