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ITCL - Notification of trade

Press release from Independent Tankers Corporation Limited 28.08.2008


Bengt Neteland, Vice President Finance in Frontline Management AS, has on August 27, 2008 acquired 35,000 shares in Independent Tankers Corporation Limited (ITCL) at a price of NOK 8.00 per share.  After this trade, Mr. Neteland owns 65.000 shares in the company.  In addition, Mr. Neteland has options for 1.000.000 shares.
 
Oslo, 28 August 2008

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