Mandatory notification of trade

26.09.2002

 

HEMEN HOLDINGS LTD.
740B John Kennedy Street
Iris House
LIMASSOL, CYPRUS
 
 
 
 
 
 

                                                                                             26 September 2002

 
 
 
 
 
Hemen Holdings Ltd. has through market purchases on 25 September acquired 250,000 shares in Frontline Ltd. The shares have been acquired at an average price of NOK 28.29.  Hemen Holdings Ltd owns after this 34,829,054 shares in Frontline Ltd., equivalent to 45.5 % of all oustanding shares.
 
Hemen Holdings Ltd. is indirectly controlled by Frontline Ltd.’s Chairman John Fredriksen.
 
 
Sincerely yours,
 
 
 
 
Dimitris Hannas
Hemen Holdings Ltd.