OSLO, Norway, March 4, 2002 (PRIMEZONE) -- Two employees of Frontline Ltd. (NYSE:FRO) have exercised options to acquire a total of 15,000 shares in Frontline. All shares have been acquired at a strike price of NOK 30.83 per share. Total proceeds were NOK 462,450.
Total number of outstanding shares after this is 76,422,566.