OSLO, Norway, August 17, 2001 (PRIMEZONE) -- An employee of Frontline (Nasdaq:FRONY) has exercised options to acquire a total of 15,000 shares in Frontline. All shares have been acquired at a strike price of NOK 44.50 per share. Total proceeds were NOK 667,500.
Total number of outstanding shares after this is 76,407,566.