Frontline Plc — Major Shareholding Notification 2022

Dec 15, 2022

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Date:22 October 2015 ESMA/2015/1597

Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the competent authority)ⁱ 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: Frontline Ltd. LEI: 5493004BCIKYU1YL3H63 2. Reason for the notification (please tick the appropriate box or boxes): [] An acquisition or disposal of voting rights [X] An acquisition or disposal of financial instruments [ ] An event changing the breakdown of voting rights [ ] Other (please specify) iii: 3. Details of person subject to the notification obligationiv : Name: The Goldman Sachs Group, Inc. City and country of registered office (if applicable): Corporation Trust Centre, 1209 Orange Street, Wilmington DE 19801, USA 4. Full name of shareholder(s) (if different from 3.)^v : 5. Date on which the threshold was crossed or reachedvi: 13/12/2022 6. Total positions of person(s) subject to the notification obligation: % of voting rights attached to shares (total of 7.A) % of voting rights through financial instruments (total of 7.B.1 + 7.B.2) Total of both in % (7.A + 7.B) Total number of voting rights of issuer vii Resulting situation on the date on which threshold was crossed or reached 0.12% 5.64% 5.76% 222,622,889 Position of previous notification (if appli-0.56% 4.94% 5.51%

7. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii:

A: Voting rights attached to shares

Class/type of shares ISIN code (if possi ble)	Number of voting rights ix		% of voting rights
	Direct (Art 9 of Directive 2004/109/EC)	Indirect (Art 10 of Directive 2004/109/EC)	Direct (Art 9 of Directive 2004/109/EC)	Indirect (Art 10 of Directive 2004/109/EC)
BMG3682E1921		272,213		0.12%
SUBTOTAL A	272,213		0.12%

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC
Type of financial in strument	Expiration date x	Exercise/ Conversion Periodxi	Number of voting rights that may be acquired if the instrument is exer cised/ converted.	% of voting rights
Securities Lending			9,211,763	4.14%
		SUBTOTAL B.1	9,211,763	4.14%

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC
Type of financial instrument	Expiration date x	Exercise/ Conversion Pe riod x i	Physical or cash settlement xii	Number of voting rights	% of voting rights
Swap	14/11/2025		Cash	119,591	0.05%
Swap	09/10/2023		Cash	12,538	0.01%
Swap	11/12/2023		Cash	6,013	0.00%
Swap	11/12/2023		Cash	15,807	0.01%
Swap	18/08/2023		Cash	419,677	0.19%
Swap	09/10/2023		Cash	1,885,015	0.85%

Swap	02/11/2032	Cash	36,397	0.02%
Swap	24/03/2032	Cash	15,597	0.01%
Swap	13/12/2032	Cash	1	0.00%
Swap	29/01/2030	Cash	3,743	0.00%
Swap	08/07/2032	Cash	1,341	0.00%
Swap	11/12/2023	Cash	21,130	0.01%
Swap	11/12/2023	Cash	497,773	0.22%
Swap	13/12/2032	Cash	2	0.00%
Swap	11/12/2023	Cash	3,634	0.00%
Swap	05/01/2024	Cash	5,699	0.00%
Swap	02/03/2023	Cash	94	0.00%
Swap	23/02/2023	Cash	7,317	0.00%
Swap	05/01/2024	Cash	18,906	0.01%
Swap	12/07/2027	Cash	116,609	0.05%
Swap	18/01/2024	Cash	72,803	0.03%
Swap	15/12/2032	Cash	32,473	0.01%
Swap	15/03/2032	Cash	1,500	0.00%
Swap	11/12/2023	Cash	37,982	0.02%
Swap	11/12/2023	Cash	6,276	0.00%
		SUBTOTAL B.2	3,337,916	1.50%

8. 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.xiii

[X] 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 entityxiv:

Namexv	% of voting rights if it equals or is higher than the notifiable thresh old	% of voting rights through financial instruments if it equals or is higher than the notifiable thresh old	Total of both if it equals or is higher than the notifiable threshold
The Goldman Sachs Group, Inc.
Goldman Sachs (UK) L.L.C.
Goldman Sachs Group UK Limited
Goldman Sachs International
The Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC
The Goldman Sachs Group, Inc.
GSAM Holdings LLC
Goldman Sachs Asset Management, L.P.
The Goldman Sachs Group, Inc.
Goldman Sachs Bank USA
Goldman Sachs Bank Europe SE
The Goldman Sachs Group, Inc.
Folio Financial, Inc.
Folio Investments, Inc.
The Goldman Sachs Group, Inc.
IMD Holdings LLC

United Capital Financial Partners, Inc.
United Capital Financial Advisers, LLC

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

10. Additional informationxvi:

Please note, the total amount of voting rights has been rounded to 2 decimal places and therefore there is a possibility of a rounding difference.

General email contact: gs-regops-emea-position-enquiries@gs.com

Done at Warsaw on 13/12/2022

Annex: Notification of major holdings (only to be filed with competent authority and not with the relevant issuer)

subject to the notification obligation		A: Identity of the person
----------------------------------------	--	---------------------------	--	--	--

Full name (including legal form for legal entities) The Goldman Sachs Group, Inc.

Contact address (registered office for legal entities) Corporation Trust Center, 1209 Orange Street, Wilmington DE 19801, USA

E-Mail Andrzej.Szyszka@gs.com

Phone number / Fax number +48 22 317 4817

Other useful information (at least legal a contact person for legal persons) Alexandra J Wessel Email: gs-reg-ops-legal-queries@gs.com Tel: +44 207 774 5006

B: Identity of the notifier, if applicable

Full name

Goldman Sachs Bank Europe SE

Contact address

Plac Europejski 1, Warsaw, 00-844, Poland

E-Mail

Phone number / Fax number

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

Goldman Sachs Bank Europe SE is an indirect wholly owned subsidiary of The Goldman Sachs Group, Inc.

C: Additional information: