Frontline Plc — Director's Dealing 2021

Dec 20, 2021

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Lars H. Barstad
2	Reason for the notification
a)	Position/status	CEO of Frontline Management AS
b)	Initial notification /	Initial notification
	Amendment
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Frontline Ltd.
b)	LEI	5493004BCIKYU1YL3H63
4	Details of the transaction(s): section to the repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	TRS agreement (Total Return Swap)
		ISIN: BMG3682E1921
	Identification code
b)	Nature of the transaction	Settled a TRS agreement (Total Return Swap) underlying 80,000 shares in Frontline Ltd. ("Frontline") expiring December 20th, 2021. Mr. Barstad has subsequently entered into a new TRS agreement with exposure to the same number of underlying shares in Frontline with expiry date March 21st, 2022, and TRS price NOK 61.3994 per underlying share.
c)	Price(s) and volume(s)	Price(s):	Volume(s):
		NOK 61.3994	80,000 shares
d)	Aggregated information - Aggregated volume Price -	Aggregate number of shares: 80,000 Price: NOK 61.3994
e)	Date of the transaction	2021-12-20
f)	Place of the transaction	XOSL – Oslo Børs