Frontline Plc - Remuneration Information 2016

FRO - Grant of share options to members of the Board of Directors and management

Frontline Ltd. ("Frontline" or the "Company") hereby announces that 1,170,000

share options have been awarded to employees and board members in accordance

with the terms of the Company's Share Option Scheme. The share options will have

a five-year term and will vest equally one third over a three-year vesting

period. The exercise price is USD 8.00. The exercise price will be adjusted for

any distribution of dividends made before the relevant options are exercised.

The following primary insiders have been allocated options according to the

above and they have the following number of shares and options in the Company:

Primary insider New share options Total share options Shareholding

Robert Hvide Macleod (CEO) 798,000 798,000 220,000

Inger Marie Klemp (CFO) 120,000 120,000 180,000

John Fredriksen (Chairman) 198,000 198,000 0*)

Kate Alexandra Blankenship 21,000 21,000 2,343

(director)

Ola Lorentzon (director) 21,000 21,000 3,000

Georgina Souza (director) 12,000 12,000 0

*) Hemen Holding Limited is a Cyprus holding company, which is indirectly

controlled by trusts established by Mr. Fredriksen, for the benefit of his

immediate family. Mr. Fredriksen disclaims beneficial ownership of the

80,803,422 ordinary shares held by Hemen, except to the extent of his voting and

dispositive interest in such shares of common stock. Mr. Fredriksen has no

pecuniary interest in the shares held by Hemen.

July 5, 2016

The Board of Directors

Frontline Ltd.

Hamilton, Bermuda

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#2026207]

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