Frontline Buys Back Shares

Thursday, January 04, 2001
Frontline has through market purchases executed January 3, 2001 bought back 257,300 of the Company's common shares. The shares have been bought back at a price of NOK 109.82. Total number of outstanding shares after this is 77,811,511. The shares have been acquired in accordance with a Board authorization to buy back shares. Including the mentioned transaction 1,979,145 shares has been acquired within a total of 2,500,000 authorized.

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