Frontline Plc — Major Shareholding Notification 2022

Dec 14, 2022

Frontline Ltd - Disclosure of large shareholdings under the Securities Trading Act

Frontline Ltd - Disclosure of large shareholdings under the Securities Trading Act

UBS Group AG has crossed the reportable threshold of 5% of the share capital in Frontline Ltd (BMG3682E1921). Please let this serve you as our disclosure as set forth below:

Name of the person obliged to notify: UBS Group AG

Residing at: Bahnhofstrasse 45 CH-8001 Zurich

Date of event: December, 13th 2022

Event triggering the notification: Acquisition of shares

Total acquired shares: 2'245’081 shares

Total new holding: 11’173’852 shares representing 5.02% of the 222’622’889 voting rights and of the share capital.

6’663’900 shares are held directly by UBS AG, a subsidiary of UBS Group AG. 2’807’460 shares are held indirectly by

UBS AG through UBS Asset Management (UK) Limited (51’939), UBS Securities LLC (286’986), UBS Switzerland AG (2’359’947), UBS Fund Management (Luxembourg) S.A. (8’565) and UBS Fund Management (Switzerland) AG (100’023). Additionally, 1’702’492 swaps on baskets are held directly by UBS AG, a subsidiary of UBS Group AG.