NORWAY, July 13, 2001 (PRIMEZONE) -- Frontline (Nasdaq:FRONY) has, through market purchases executed July 13, 2001, bought back 75,000 of the Company's common shares. The shares have been bought back at a price of NOK 170.00.
Total number of outstanding shares after this is 76,652,566. The shares acquired are done so in accordance with a Board authorization to buy back shares. Including the mentioned transaction, 3,667,145 shares have been acquired out of a total of 7,500,000 authorized.