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 agreement on June 6, 2013, which was amended and restated on January 21, 2014 and on January 28, 2015.

Frontline has issued 1,278,844 ordinary shares pursuant to the equity distribution agreement during the month of March 2015. Following such issuance, Frontline has an issued share capital of USD 124,534,280 divided into 124,534,280 ordinary shares.

March 31, 2015
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