HAMILTON, Bermuda, Sept. 04, 2003 (PRIMEZONE) -- One employee of Frontline (NYSE:FRO) has exercised options to acquire a total of 2,000 shares in Frontline. All shares have been acquired at a strike price of USD 8.60 per share. Total proceeds were USD 17,200.00.
Total number of outstanding shares after this is 73,510,898.
Hamilton, Bermuda 3 September, 2003