Vice Chairman in Frontline Ltd., Tor Olav Trøim, has extended the forward contract in Frontline Ltd. that was reported October 17th 2003. The new forward contract contains the same 110,000 shares, has a purchase price of NOK 58,82 and expires October 21st 2004. Trøim’s total holding in Frontline remains at 194,934 shares.
Hamilton, Bermuda
April 16th 2004