FRONTLINE

EXCHANGE:
Stockholm

SHARE PRICE (DEC. 31, 1996):
SEK 23.70

1996 TRADING RANGE (THROUGH NOV. 26):
SEK 16.80 – 24

MARKET CAP. (AS OF SEPT. 30, 1996):
US$334,084,500 (based on 98,550,000 shares outstanding after the non-cash share issue)

OVERVIEW
• Frontline is a Stockholm-based shipping company that operates a fleet of OBO Carriers, Tankers, Bulk Carriers and Wood Chip Carriers.
• Frontline’s fleet is divided between wholly owned, partly owned and chartered vessels.
• In the fall of 1996, Frontline issued 55,300,000 new shares in non-cash share issues. As part of the issues, the company purchased six modern tankers as well as two OBO carriers that had previously sailed in Frontline’s pool.

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