FRO – Exercise of options for Suezmax newbuildings contracts

As previously reported in July 2006, Frontline Ltd. (‘Frontline’ or the ‘Company’) has been granted 2 + 2 options for 156,000 dwt Suezmax newbuilding contracts at Jiangsu Rongsheng Heavy Industries Group Co. Ltd. in China. The Company has now exercised two of these options. The vessels will be delivered in April and June 2010.

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