FRO - Increase in share capital

Reference is made to the announcement by Frontline Ltd. ("Frontline" or the "Company") of the Company's entry into an at the market equity distribution program on June 6, 2013.

Frontline has issued 1,140,226 ordinary shares under that program during the month of July2014. Following such issuance, Frontline has an issued share capital of USD 99,346,513 divided into 99,346,513 ordinary shares.

July 31, 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