HAMILTON, Bermuda, August 22, 2003 (PRIMEZONE) -- Employees of Frontline (NYSE:FRO) have exercised options to acquire a total of 3,999 shares in Frontline. All shares have been acquired at a strike price of USD 9.70 per share. Total proceeds were USD 38,790.30.
Total number of outstanding shares after this is 73,508,898.
Hamilton, Bermuda 21 August, 2003