Frontline Ltd. - Capital adjustments


HAMILTON, Bermuda, Sept. 11, 2003 (PRIMEZONE) -- Employees of Frontline (NYSE:FRO) have exercised options to acquire a total of 10,000 shares in Frontline. All shares have been acquired at a strike price of USD 8.60 per share. Total proceeds were USD 86,000.00.

Total number of outstanding shares after this is 73,522,897.

Hamilton, Bermuda 10 September, 2003



            

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