Frontline: Capital Adjustments

08.03.2002

OSLO, Norway, March 8, 2002 (PRIMEZONE) — One employee of Frontline (NYSE:FRO) has exercised options to acquire a total of 5,000 shares in Frontline. All shares have been acquired at a strike price of NOK 30.83 per share. Total proceeds were NOK 154,150.

Total number of outstanding shares after this is 76,461,566.


CONTACT:  Frontline
          Kate Blankenship
          +1 441 295 6935

          Tom E. Jebsen
          +47 23 11 40 00