Frontline Ltd. – Preliminary Q4 01 and 2001 results

22.02.2002

1. Release

Frontline’s preliminary Fourth Quarter and Financial Year 2001 results will be released on Monday 25 February at 02:00 P.M. CET (Norwegian time).

2. Presentation

A presentation will take place in Oslo at Stranden 21 (DnB building) in the Auditorium on second floor on Tuesday February 26, 2002 at 08.30 A.M. CET (Norwegian time). If you wish to attend please confirm to:

Mrs. Anne Olden at +47 23 11 40 00

3. Teleconference and webcast

A conference call will be held at 04:00 P.M. CET (Norwegian time) Tuesday February 26, 2002. The presentation will be available to download from the Investor Relations section at www.frontline.bm (go to “Presentations”) from Tuesday morning.

To listen you may do one of the following:

A. Webcast

Go to the Investor Relations section at www.frontline.bm and click on the link to “Webcast”

To listen to the conference call from the web, you need to have installed Windows Media Player or Real Player, and you need to have a sound card on your computer.

B. Teleconference

Call at +47 23 00 04 00, or free of charge from Norway at 800 80 119, tell the operator you wish to participate in the Frontline conference call.

There will be a Q&A session after the presentation. Information on how to ask questions will be given at the beginning of the call.

Please download the presentation material from www.frontline.bm to view it while listening to the conference.

If you are not able to participate at the time of the call, you can either listen to a replay of the conference call on www.frontline.bm (Investor Relations) or listen to a playback by:

dial +47 22 33 11 13

accountno: 1146 followed by # (pound-sign)

press 1

conferenceno: 146 followed by # (pound-sign)

press 1 to play