Bengt Neteland, Vice President Finance in Frontline Management AS, has on August 27, 2008 acquired 35,000 shares in Independent Tankers Corporation Limited (ITCL) at a price of NOK 8.00 per share. After this trade, Mr. Neteland owns 65.000 shares in the company. In addition, Mr. Neteland has options for 1.000.000 shares.
Oslo, 28 August 2008