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2014-04-23

Frontline 2012 Ltd.: Frontline 2012 Ltd. - Closing of transaction

Frontline 2012 Ltd is pleased to inform that the previously announced
transaction with Knightsbridge Tankers Limited has closed. Frontline 2012
Ltd. has received 15.5 Million shares in Knightsbridge Tankers Limited in
exchange for five 180,000 DWT Capesize bulk carrier newbuildings.

The Board of Directors
Frontline 2012 Ltd.
Hamilton, Bermuda
April 23, 2014
Questions should be directed to:

Jens Martin Jensen: Chief Executive Officer, Frontline Management AS
+47 23 11 40 99

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

Forward Looking Statements

This press release contains forward looking statements. These statements are
based upon various assumptions, many of which are based, in turn, upon
further assumptions, including management's examination of historical
operating trends. Although the Board believes that these assumptions were
reasonable when made, because assumptions are inherently subject to
significant uncertainties and contingencies which are difficult or impossible
to predict and are beyond its control, Frontline 2012 cannot give assurance
that it will achieve or accomplish these expectations, beliefs or intentions.

Important factors that, in the Company's view, could cause actual results to
differ materially from those discussed in this press release include the
strength of world economies and currencies, general market conditions
including fluctuations in charter hire rates and vessel values, changes in
demand in the tanker market as a result of changes in OPEC's petroleum
production levels and world wide oil consumption and storage, changes in the
Company's operating expenses including bunker prices, dry-docking and
insurance costs, changes in governmental rules and regulations or actions
taken by regulatory authorities, potential liability from pending or future
litigation, general domestic and international political conditions,
potential disruption of shipping routes due to accidents or political events,
and other important factors described from time to time in the reports filed
by the Company with the United States Securities and Exchange Commission.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Frontline 2012 Ltd. via Globenewswire

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