BNV Bank Nova Scot

RNS Number:0780R
Frontline Ld
18 September 2000


The Board of Frontline has as of Friday, September 15, 2000 issued 51,029 shares
to The Bank of Nova Scotia. The latter held warrants that expired on December
31, 2003. These warrants gave The Bank of Nova Scotia the right to acquire
51,029 ordinary shares in Frontline at a price of GBP 4.00 per share, for a
total consideration of GBP 204,116.

Following this exercise of warrants, there remains no outstanding warrants, with
expiry December 31, 2003 and strike price GBP 4.00. The total number of shares
outstanding in Frontline after the issue mentioned above is 78,962,618.

Contact person:  Tom E. Jebsen   Tel +47 23 11 40 00

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