OSLO, Norway, April 27, 2001 (PRIMEZONE) -- Holders of Frontline Ltd. (Nasdaq:FRONY) warrants have exercised 24,448 warrants. Frontline Ltd. has, in exchange for proceeds equal to USD 38,836, issued 2,441 shares.
Frontline has acquired 248,233 warrants at a price of NOK 4.38 per warrant.
Total number of outstanding shares after this is 76,926,934, and total number of outstanding warrants is 23,094,271.