Frontline Plc — Capital/Financing Update 2016

Feb 2, 2016

Ex reverse split 02.02.2016

Ex reverse split 02.02.2016

Reference is made to announcements from the company

29.01.2016 and 01.02.2016.

The shares in Frontline Ltd. will be traded ex reverse

split as from 02.02.2016.

5 old shares give 1 new share.

New - EMS: 100

New - ISIN: BMG3682E1921

*No change - Face Value USD 1.00

No change - Instrument ID: 38027

No change - Trading Currency: NOK

No change - Segment: OBX

In connection to the Capital Reorganisation announced

29.01.2016 the company's share capital will be as

follows:

Number of shares: 156,387,529

Face Value: USD 1.00