HEMEN HOLDINGS LTD.
740B John Kennedy Street
Iris House
LIMASSOL, CYPRUS
30 September 2002
Hemen Holdings Ltd. has through market purchases on 27 September acquired 250,000 shares in Frontline Ltd. The shares have been acquired at an average price of NOK 30.69. Hemen Holdings Ltd owns after this 35,079,054 shares in Frontline Ltd., equivalent to 45.9 % of all outstanding shares.
Hemen Holdings Ltd. is indirectly controlled by Frontline Ltd.’s Chairman John Fredriksen.
Sincerely yours,
Dimitris Hannas
Hemen Holdings Ltd.