Frontline Plc — Major Shareholding Notification 2022

Sep 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 attachedii: Frontline Ltd. LEI: 5493004BCIKYU1YL3H63 2. Reason for the notification (please tick the appropriate box or boxes): [X] An acquisition or disposal of voting rights [ ] 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: 05/09/2022 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 1.03% 4.40% 5.43% 222,622,889 Position of previous notification (if applicable) 0.55% 4.44% 4.99%

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		2,293,264		1.03%
SUBTOTAL A	2,293,264		1.03%

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			9,511,480	4.27%
		SUBTOTAL B.1	9,511,480	4.27%

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	12/07/2027		Cash	116,944	0.05%
Swap	18/08/2023		Cash	107,212	0.05%
Swap	17/08/2032		Cash	17,976	0.01%
Swap	19/07/2032		Cash	10,402	0.005%
Swap	19/07/2032		Cash	8,842	0.004%
Swap	17/08/2032		Cash	4,873	0.002%

Swap	29/01/2030	Cash	4,203	0.002%
Swap	24/03/2032	Cash	3,499	0.002%
Swap	05/09/2023	Cash	2,535	0.001%
Swap	02/08/2032	Cash	2,373	0.001%
Swap	31/08/2032	Cash	1,543	0.001%
Swap	26/08/2024	Cash	1,300	0.001%
Swap	17/08/2032	Cash	846	0.0004%
Swap	08/07/2032	Cash	733	0.0003%
Swap	17/08/2032	Cash	463	0.0002%
Swap	17/08/2032	Cash	446	0.0002%
Swap	15/03/2032	Cash	400	0.0002%
Swap	08/09/2022	Cash	95	0.00004%
Swap	24/08/2032	Cash	39	0.00002%
Swap	30/08/2032	Cash	1	0.0000004%
		SUBTOTAL B.2	284,724	0.13%

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	Total of both if it equals or is higher than the notifiable threshold
		old

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
The Goldman Sachs Group, Inc.
The Goldman Sachs Trust Company Na tional Association
The Goldman Sachs Trust Company of Delaware

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 06/09/2022