HAMILTON, Bermuda, May 20, 2003 (PRIMEZONE) — Employees of Frontline (NYSE:FRO) have exercised options to acquire a total of 8,500 shares in Frontline. All shares have been acquired at a strike price of NOK 27.58 per share. Total proceeds were NOK 234,430.
Total number of outstanding shares after this is 76,530,066.
CONTACT: Frontline Ola Lorentzon +47 23 11 40 00