Frontline Plc — Major Shareholding Notification 2015

Jun 8, 2015

FRO - shareholding disclosure

FRO - shareholding disclosure

Reference is made to the announcement on May 29,

2015, that Frontline Ltd. (NYSE/OSE: FRO)

("Frontline") had entered into a heads of agreement

to amend the terms of the long term charter

agreements with Ship Finance International Limited

("Ship Finance").

The new agreement has now been completed, and 55

million new Frontline shares have after close of

trading on June 5, 2015, been issued to Ship

Finance. Following such issuance, Ship Finance owns

55 million shares in Frontline, equal to

approximately 27.7% per cent of the shares and votes

in Frontline (based on 198,375,854 shares

outstanding in Frontline). Ship Finance does not

hold other rights to shares in Frontline.

This information is subject to the disclosure

requirements pursuant to section 4-3 of the

Norwegian Securities Trading Act.