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2015-08-25

Frontline Ltd.: FRO - Announces filing of registration statement with the United States Securities and Exchange Commission

HAMILTON, BERMUDA - August 25, 2015 - Reference is made to the announcement
dated July 2, 2015, that Frontline Ltd. (NYSE/OSE/LSE: FRO) ("Frontline")
and Frontline 2012 Ltd. (NOTC: FRNT) ("Frontline 2012") have entered into an
agreement and plan of merger (the "Merger Agreement"), pursuant to which the
two companies have agreed to enter into a merger transaction, with Frontline
as the surviving legal entity ("the "Surviving Company") and Frontline 2012
becoming a wholly-owned subsidiary of Frontline Frontline has on August 24,
2015, filed a registration statement with the United States Securities and
Exchange Commission ("SEC") covering the common shares to be issued by
Frontline to Frontline 2012's shareholders in the merger. The shareholders'
meetings of each of Frontline and Frontline 2012 are scheduled to be held
after the registration statement is declared effective. The effectiveness of
the registration statement is subject, among other things, to SEC review.

Important Information For Investors And Shareholders

This communication does not constitute an offer to sell or the solicitation of
an offer to buy any securities or a solicitation of any vote or approval. In
connection with the proposed transaction between Frontline and Frontline
2012, Frontline has filed relevant materials with the Securities and Exchange
Commission (the "SEC"), including a registration statement of Frontline on
Form F-4 (File No. 333-206542) , filed on August 24, 2015 that includes a
joint proxy statement of Frontline 2012 and Frontline that also constitutes a
prospectus of Frontline. The registration statement has not yet become
effective. After the registration statement is declared effective by the SEC,
a definitive joint proxy statement/prospectus will be mailed to shareholders
of Frontline 2012 and Frontline. INVESTORS AND SECURITY HOLDERS OF FRONTLINE
2012 AND FRONTLINE ARE URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS AND
OTHER DOCUMENTS THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR
ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION. Investors and security holders will be able to obtain free
copies of the registration statement and the joint proxy statement/prospectus
(when available) and other documents filed with or furnished to the SEC by
Frontline through the website maintained by the SEC at http://www.sec.gov.
Copies of the documents filed with or furnished to the SEC by Frontline will
be available free of charge on Frontline's website at http://
www.frontline.bm. Additional information regarding the participants in the
proxy solicitations and a description of their direct and indirect interests,
by security holdings or otherwise, will be contained in the joint proxy
statement/prospectus and other relevant materials to be filed with or
furnished to the SEC when they become available.

Forward -Looking Statements

Matters discussed in this press release may constitute forward-looking
statements. Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and underlying
assumptions and other statements, which are other than statements of
historical facts. Words, such as, but not limited to "believe," "anticipate,"
"intends," "estimate," "forecast," "project," "plan," "potential," "may,"
"should," "expect," "pending" and similar expressions identify
forward-looking statements.

Forward-looking statements include, without limitation, statements regarding:

* The effectuation of the transaction between Frontline and Frontline 2012
described above;
* The delivery to and operation of assets by Frontline;
* Frontline's and Frontline 2012's future operating or financial results;
* Future, pending or recent acquisitions, business strategy, areas of
possible expansion, and expected capital spending or operating expenses;
and
* Tanker market trends, including charter rates and factors affecting vessel
supply and demand.

The forward-looking statements in this press release are based upon various
assumptions, many of which are based, in turn, upon further assumptions,
including without limitation, examination of historical operating trends,
data contained in records and other data available from third parties.
Although Frontline believes that these assumptions were reasonable when made,
because these assumptions are inherently subject to significant uncertainties
and contingencies which are difficult or impossible to predict and are beyond
the control of Frontline, Frontline cannot assure you that they, or the
combined company, will achieve or accomplish these expectations, beliefs or
projections. In addition to these important factors, other important factors
that could cause actual results to differ materially from those discussed in
the forward-looking statements, including the strength of world economies and
currencies, general market conditions, including fluctuations in charter
rates and vessel values, changes in demand for tanker shipping capacity,
changes in the combined company's operating expenses, including bunker
prices, drydocking and insurance costs, the market for the combined company's
vessels, availability of financing and refinancing, 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, vessels breakdowns and instances of
off-hires and other factors. Please see Frontline's filings with the SEC for
a more complete discussion of these and other risks and uncertainties. The
information set forth herein speaks only as of the date hereof, and Frontline
disclaims any intention or obligation to update any forward-looking
statements as a result of developments occurring after the date of this
communication.

August 25, 2015
Frontline Ltd.
Hamilton, Bermuda

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

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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 Ltd. via Globenewswire

HUG#1947329

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