Frontline has through market purchases executed 21 March 2001 bought back 220,000 of the Company’s common shares. The shares have been bought back at a price of NOK 155.54.
Total number of outstanding shares after this is 76,918,816. The shares have been acquired in accordance with a Board authorization to buy back shares. Including the mentioned transaction 3,107,145 shares has been acquired within a total of 5,000,000 authorized.
Hamilton, Bermuda
21 March, 2001