Holders of Frontline warrants have exercised 37,985 warrants. Frontline has in exchange for proceeds equal to USD 60,426 issued 3,798 shares.
Frontline has acquired 73,791 warrants at a price of NOK 1.57 per warrant.
Total number of outstanding warrants after this is 23,780,516.
Hamilton, Bermuda
17 April, 2001
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