Frontline Plc — Share Issue/Capital Change 2014

Oct 31, 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 October 30, 2014 issued 7,431,677 new ordinary shares.

Following such issuance, Frontline has an issued share capital of USD

106,778,190 divided into 106,778,190 ordinary shares.

October 30, 2014

The Board of Directors

Frontline Ltd.

Hamilton, Bermuda

Questions should be directed to:

Jens Martin Jensen: 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 pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1867484]