Frontline Plc — Share Issue/Capital Change 2014

Nov 5, 2014

FRO - Increase in share capital

FRO - Increase in share capital

Reference is made to the announcement by Frontline Ltd. ("Frontline" or the

"Company") of the Company's entry into a debt for equity exchange agreement

October 28, 2014.

Frontline has on November 4, 2014 issued 820,047 new ordinary shares. Following

such issuance, Frontline has an issued share capital of USD 107,598,237 divided

into 107,598,237 ordinary shares. The agreement is now closed and no more shares

will be issued under this agreement.

November 4, 2014

The Board of Directors

Frontline Ltd.

Hamilton, Bermuda

Questions should be directed to:

Robert Hvide Macleod: Chief Executive Officer, Frontline Management AS

+47 23 11 40 00

Inger M. Klemp: Chief Financial Officer, Frontline Management AS

+47 23 11 40 00

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#1868678]