Frontline Plc — Major Shareholding Notification 2022

Dec 16, 2022

Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the NOR-FSA)

1. Identity of the issuer: FRONTLINE LTD. Par-la-Ville Place 14 Par-la-Ville Road Hamilton HM 08 Bermuda LEI: 5493004BCIKYU1YL3H63
		2. Reason for the notification (please tick the appropriate box or boxes):
☒ An acquisition or disposal of shares or voting rights ☐ An acquisition or disposal of financial instruments ☐ An event changing the breakdown of shares or voting rights ☐ Other (please specify): A notification to retract prior notification of crossing above 5.00%. Following identification of correct issued shares, holding remains below 5% in aggregate.
	3. Details of person subject to the notification obligation:
Name: City and country of residence: BlackRock, Inc. Wilmington, DE U.S.A
4. Full name of shareholder(s) (if different from 3.):
5. Date on which the threshold was crossed or reached: 15.12.2022
6. Total positions of person(s) subject to the notification obligation:
% of shares and voting % of shares and Total number of rights through financial Total of both in % voting rights shares and voting instruments (7.A + 7.B) (total of 7.A) rights of issuer (total of 7.B)
Resulting situation on the date on which threshold was crossed or reached	1.69% shares 1.69% voting rights	2.66% shares 2.66% voting rights	4.36% shares 4.36% voting rights	222,622,889
Position of previous	2.67% shares	2.50% shares	5.17% shares
notification (if applicable)	2.67% voting rights	2.50% voting rights	5.17% voting rights

1. Notified details of the resulting situation on the date on which the threshold was crossed or reached:

A: Shares and voting rights
Class/type of shares	Number of shares and voting rights		% of shares and voting rights
ISIN code (if possible)	Direct (SMA 9:5)	Indirect (SMA 9:6 and 9:7)	Direct (SMA 9:5)	Indirect (SMA 9:6 and 9:7)
BMG3682E1921		3,781,906 shares 3,781,906 voting rights		1.69% shares 1.69% voting rights
SUBTOTAL A	3,781,906 shares 3,781,906 voting rights		1.69% shares 1.69% voting rights

B: Financial Instruments according to SMA 9:6a
Type of financial instrument	Expiration date	Exercise/ Conversion Period	Physical or cash settlement	Number of shares and voting rights	% of shares and voting rights
Securities Lent	N/A	N/A	Physical	5,602,882 shares 5,602,882 voting rights	2.51% shares 2.51% voting rights
CFD	N/A	N/A	Cash	322,948 shares 322,948 voting rights	0.14% shares 0.14% voting rights
			SUBTOTAL B	5,925,830 shares 5,925,830 voting rights	2.66% shares 2.66% voting rights

1. Information in relation to the person subject to the notification obligation (please tick the applicable box):

☐ Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.

☒ Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity:

Name	% of shares and voting rights	% of shares and voting rights through financial instruments	Total of both
See Annex

9. In case of proxy voting: [name of the proxy holder] will cease to hold [% and number] voting rights as of

10. Additional information:

The disclosure obligation arose due to total holding in shares and voting rights for BlackRock, Inc. moved below 5%

Done at 12 Throgmorton Avenue, London, EC2N 2DL, U.K. on 16.12.2022

Annex

Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity;

Name	% of shares and voting rights	% of shares and voting rights through financial instruments	Total of both
BlackRock, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management,
Inc.
BlackRock International Holdings, Inc.
BR Jersey International Holdings
L.P.
BlackRock (Singapore) Holdco Pte.
Ltd.
BlackRock HK Holdco Limited
BlackRock Lux Finco S.a.r.l.
BlackRock Japan Holdings GK
BlackRock Japan Co., Ltd.			Below 5%
BlackRock, Inc.
Trident Merger, LLC
BlackRock Investment Management,
LLC			Below 5%
BlackRock, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management,
Inc. BlackRock International Holdings,
Inc.
BR Jersey International Holdings
L.P.
BlackRock Holdco 3, LLC
BlackRock Cayman 1 LP
BlackRock Cayman West Bay Finco
Limited
BlackRock Cayman West Bay IV
Limited
BlackRock Group Limited
BlackRock Finance Europe Limited
BlackRock Investment Management
(UK) Limited			Below 5%
BlackRock, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.

BlackRock International Holdings,
Inc. BR Jersey International Holdings
L.P.
BlackRock Australia Holdco Pty. Ltd.
BlackRock Investment Management
(Australia) Limited	Below 5%
BlackRock, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management,
Inc.
BlackRock Holdco 4, LLC
BlackRock Holdco 6, LLC
BlackRock Delaware Holdings Inc.
BlackRock Institutional Trust
Company, National Association	Below 5%
BlackRock, Inc.
BlackRock Holdco 2, Inc. BlackRock Financial Management,
Inc.
BlackRock Holdco 4, LLC
BlackRock Holdco 6, LLC
BlackRock Delaware Holdings Inc.
BlackRock Fund Advisors	Below 5%
BlackRock, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management,
Inc.	Below 5%
BlackRock, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management,
Inc.
BlackRock International Holdings,
Inc.
BR Jersey International Holdings
L.P. BlackRock Holdco 3, LLC
BlackRock Canada Holdings LP
BlackRock Canada Holdings ULC
BlackRock Asset Management
Canada Limited	Below 5%
BlackRock, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management,
Inc.
BlackRock Capital Holdings, Inc.
BlackRock Advisors, LLC	Below 5%
BlackRock, Inc. BlackRock Holdco 2, Inc.

BlackRock Financial Management,
Inc.
BlackRock International Holdings,
Inc.
BR Jersey International Holdings
L.P.
BlackRock Holdco 3, LLC
BlackRock Cayman 1 LP
BlackRock Cayman West Bay Finco
Limited
BlackRock Cayman West Bay IV
Limited
BlackRock Group Limited
BlackRock Finance Europe Limited
BlackRock Advisors (UK) Limited	Below 5%
BlackRock, Inc.
Trident Merger, LLC
BlackRock Investment Management,
LLC
Amethyst Intermediate, LLC
Aperio Holdings, LLC
Aperio Group, LLC	Below 5%

A: Identity of the person subject to the notification obligation

Full name (including legal form for legal entities) BlackRock, Inc.

Contact address (registered office for legal entities) c/o 12 Throgmorton Avenue, London, EC2N 2DL, U.K.

E-Mail

emeadisclosures@blackrock.com

Phone number / Fax number

+44 (0) 20 7743 3650 / +44 (0) 20 7668 4045

Other useful information (at least a contact person for legal persons) Jana Blumenstein

B: Identity of the notifier, if applicable

Full name

Jana Blumenstein

Contact address

12 Throgmorton Avenue, London, EC2N 2DL, U.K.

E-Mail

emeadisclosures@blackrock.com

Phone number / Fax number

+44 (0) 20 7743 3650 / +44 (0) 20 7668 4045

Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)

C: Additional information: