Frontline Plc — Share Issue/Capital Change 2019

Aug 26, 2019

FRO – Increase in share capital

FRO – Increase in share capital

Reference is made to the announcement by Frontline Ltd. (“Frontline”) on August 23, 2019 regarding entering into of the sale and purchase agreement with Trafigura Maritime Logistics ("TML"), a wholly-owned subsidiary of Trafigura Pte Ltd ("Trafigura").

Frontline has issued 16,035,856 ordinary shares pursuant to the above-mentioned agreement. Following such issuance, Frontline has an issued share capital of USD 189,153,166 divided into 189,153,166 ordinary shares each having a par value of USD 1.

August 26, 2019

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 84

Inger M. Klemp: Chief Financial Officer, Frontline Management AS +47 23 11 40 76

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.