Frontline Plc — M&A Activity 2015

Aug 5, 2015

FRO - Termination of charter-in contract of Front Glory

FRO - Termination of charter-in contract of Front Glory

Frontline Ltd. ("Frontline" or the "Company") has agreed with Ship Finance

International Limited ("Ship Finance") to terminate the long term charter for

the 1995 built Suezmax tanker Front Glory. Ship Finance has simultaneously sold

the vessel to an unrelated third party. The charter with Ship Finance is

expected to terminate at the end of the third quarter of 2015.

Frontline will receive a compensation payment of approximately $2.2 million from

Ship Finance for the termination of the current charter.

Following this termination, the number of vessels on charter from Ship Finance

will be reduced to 16 vessels, including 12 VLCCs and four Suezmax tankers.

August 5, 2015

The Board of Directors

Frontline Ltd.

Hamilton, Bermuda

Questions should be directed to:

Robert Hvide Macleod: CEO, Frontline Management AS

+47 23 11 40 84

Inger M. Klemp: CFO, Frontline Management AS

+47 23 11 40 00

Forward Looking Statements

This press release contains forward looking statements. These statements are

based upon various assumptions, many of which are based, in turn, upon further

assumptions, including Frontline management's examination of historical

operating trends. Although Frontline believes that these assumptions were

reasonable when made, because assumptions are inherently subject to significant

uncertainties and contingencies which are difficult or impossible to predict and

are beyond its control, Frontline cannot give assurance that it will achieve or

accomplish these expectations, beliefs or intentions.

Important factors that, in the Company's view, could cause actual results to

differ materially from those discussed in this press release include the

strength of world economies and currencies, general market conditions including

fluctuations in charter hire rates and vessel values, changes in demand in the

tanker market as a result of changes in OPEC's petroleum production levels and

world wide oil consumption and storage, changes in the Company's operating

expenses including bunker prices, dry-docking and insurance costs, changes in

governmental rules and regulations or actions taken by regulatory authorities,

potential liability from pending or future litigation, general domestic and

international political conditions, potential disruption of shipping routes due

to accidents or political events, and other important factors described from

time to time in the reports filed by the Company with the United States

Securities and Exchange Commission.

Important Information For Investors And Shareholders

This communication does not constitute an offer to sell or the solicitation of

an offer to buy any securities or a solicitation of any vote or approval.  In

connection with the proposed transaction between Frontline and Frontline 2012,

Frontline will file relevant materials with the Securities and Exchange

Commission (the "SEC"), including a registration statement of Frontline on Form

F-4 that will include a joint proxy statement of Frontline 2012 and Frontline

that also constitutes a prospectus of Frontline, and the joint proxy

statement/prospectus will be mailed to shareholders of Frontline 2012 and

Frontline. INVESTORS AND SECURITY HOLDERS OF FRONTLINE 2012 AND FRONTLINE ARE

URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS AND OTHER DOCUMENTS THAT WILL

BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE

BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.  Investors and security holders

will be able to obtain free copies of the registration statement and the joint

proxy statement/prospectus (when available) and other documents filed with or

furnished to the SEC by Frontline through the website maintained by the SEC at

http://www.sec.gov. Copies of the documents filed with or furnished to the SEC

by Frontline will be available free of charge on Frontline's website at

http://www.frontline.bm.  Additional information regarding the participants in

the proxy solicitations and a description of their direct and indirect

interests, by security holdings or otherwise, will be contained in the joint

proxy statement/prospectus and other relevant materials to be filed with or

furnished to the SEC when they become available.

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1943776]