Frontline Plc — Major Shareholding Notification 2022

Nov 7, 2022

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 attached ii:Frontline Ltd.

LEI: 5493004BCIKYU1YL3H63

2. Reason for the notification (please tick the appropriate box or boxes):

[X] 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 obligation iv :

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 reached vi: 04/11/2022

6. Total positions of person(s) subject to the notification obligation:

	% of voting rights at tached to shares (to tal of 7.A)	% of voting rights through financial instru ments (total of 7.B.1 + 7.B.2)	Total of both in % (7.A + 7.B)	Total number of voting rights of is suer vii
Resulting situation on the date on which threshold was crossed or reached	0.21%	4.44%	4.65%	222,622,889
Position of previous notification (if appli cable)	0.49%	4.55%	5.04%

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

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		466,037		0.21%
SUBTOTAL A	466,037		0.21%

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			9,168,003	4.12%
		SUBTOTAL B.1	9,168,003	4.12%

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC
Type of financial instrument	Expiration x date	Exercise/ Conversion Pe riod x i	Physical or cash xii settlement	Number of voting rights	% of voting rights
Swap	18/08/2023		Cash	419,587	0.19%
Swap	09/10/2023		Cash	157,469	0.07%
Swap	12/07/2027		Cash	116,890	0.05%
Swap	09/10/2023		Cash	12,536	0.01%
Swap	24/03/2032		Cash	9,696	0.004%
Swap	29/01/2030		Cash	8,259	0.004%

Swap	08/07/2032	Cash	1,074	0.0005%
Swap	15/03/2032	Cash	800	0.0004%
Swap	02/11/2032	Cash	200	0.0001%
Swap	06/12/2022	Cash	93	0.00004%
Swap	18/10/2032	Cash	55	0.00002%
Swap	02/08/2032	Cash	45	0.00002%
		SUBTOTAL B.2	726,704	0.33%

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 have been rounded to 2 decimal places therefore there is a possibility of a rounding error.

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

Done at Warsaw on 07/11/2022

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

A: Identity of the person subject to the notification obligation

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, PL

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: