HAMILTON, Bermuda, Sept. 17, 2003 (PRIMEZONE) -- One employee of Frontline (NYSE:FRO) has exercised options to acquire a total of 2,500 shares in Frontline. All shares have been acquired at a strike price of USD 8.60 per share. Total proceeds were USD 21,500.00.
Total number of outstanding shares after this is 73,525,397.
Hamilton, Bermuda 16 September, 2003