Frontline has through market purchases executed 10 January 2001 bought back 110,000 of the Company’s common shares. The shares have been bought back at a price of NOK 110.57.
Total number of outstanding shares after this is 77,341,511. The shares have been acquired in accordance with a Board authorization to buy back shares. Including the mentioned transaction 2,447,145 shares has been acquired within a total of 3,500,000 authorized.
Hamilton, Bermuda
10 January, 2001