Frontline Plc - M&A Activity 2019

FRO - Acquisition of VLCC Resale and Two LR2 Newbuildings

Frontline Ltd. (the "Company" or "Frontline") (NYSE:FRO) is pleased to announce

that it has acquired a scrubber-equipped VLCC resale under construction at

Hyundai Samho Heavy Industries ("HSHI") expected to be delivered in May 2020

and has ordered two LR2 newbuildings from SWS, China, expected to be delivered

in January 2021 and March 2021. This is in addition to the Company's recent

acquisition of a scrubber-equipped Suezmax resale under construction at HHI due

for delivery in May 2020.

Robert Hvide Macleod, Chief Executive Officer of Frontline Management AS

commented:

"These transactions reflect Frontline's focus on increasing our exposure to the

tanker market and are also part of a continuous effort to renew and modernize

the Company's fleet. The latter has provided us with one of the most modern

fleets in the industry with an average age of less than 5 years. As new

opportunities arise, we will continue to execute our growth strategy as we

position the Company to generate significant cash flow over the long term."

The VLCC has been acquired at a purchase price of $92.5 million, and the LR2s

have been ordered at a price of $46.7 million per vessel.

June 19, 2019

The Board of Directors

Frontline Ltd.

Hamilton, Bermuda

Questions should be directed to:

Robert Hvide Macleod: Chief Executive Officer, Frontline Management AS

+47 23 11 40 84

Inger M. Klemp: Chief Financial Officer, Frontline Management AS

+47 23 11 40 76

This information is subject to the disclosure requirements pursuant to section

5 -12 of the Norwegian Securities Trading Act.

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