OSLO, Norway, Jan. 8, 2001 (PRIMEZONE) — Frontline has through market purchases executed 5 January 2001 bought back 110,000 of the Company’s common shares. The shares have been bought back at a price of NOK 106.09.
Total number of outstanding shares after this is 77,501,511. The shares have been acquired in accordance with a Board authorization to buy back shares. Including the mentioned transaction 2,287,145 shares has been acquired within a total of 3,500,000 authorized.
CONTACT: Frontline Tom E. Jebsen, +47 23 11 40 00