FRONTLINE FILES IN ICB SHIPPING AB

Press release from Frontline Ltd. - 06.08.1998

This notice serves as an official notification in order to comply with Swedish filing requirements. Frontline has through market purchases increased its holding in ICB Shipping AB. As of August 5th Frontline`s holding exceeded 55 % of the share capital and 33.3 % of the votes in ICB Shipping AB. August 5th, 1998 John Fredriksen Chairman Contact persons: John Fredriksen, Chairman, +47-23 11 40 00 Tor Olav Trĝim, Director, +47-23 11 40 00

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