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2015-04-15

Frontline Ltd.: FRO - Redemption of 4.50 % Frontline Ltd. Convertible Bond Issue 2010/2015 - ISIN NO 001057149.0

Frontline Ltd. (the "Company") announces that the Company has redeemed the
remaining outstanding of USD 93,400,000 under its 4.50 % Frontline Ltd.
Convertible Bond Issue 2010/2015 - ISIN NO 001057149.0 on maturity date April
14, 2015.
April 14, 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
FORWARD LOOKING STATEMENTS

Matters discussed in this document may constitute forward-looking statements.
The Private Securities Litigation Reform Act of 1995 provides safe harbor
protections for forward-looking statements in order to encourage companies to
provide prospective information about their business. 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.

Frontline desires to take advantage of the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995 and is including this
cautionary statement in connection with this safe harbor legislation. The
words "believe," "anticipate," "intends," "estimate," "forecast," "project,"
"plan," "potential," "will," "may," "should," "expect" "pending" and similar
expressions identify forward-looking statements.

The forward-looking statements in this document are based upon various
assumptions, many of which are based, in turn, upon further assumptions,
including without limitation, management's examination of historical
operating trends, data contained in Frontline's 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 Frontline's control, you
cannot be assured that Frontline will achieve or accomplish these
expectations, beliefs or projections. Frontline undertakes no duty to update
any forward-looking statement to conform the statement to actual results or
changes in expectations.

Important factors that, in Frontline's view, could cause actual results to
differ materially from those discussed in the forward-looking statements
include, without limitation: the strength of world economies and currencies,
general market conditions, including fluctuations in charterhire rates and
vessel values, changes in demand in the tanker market, including but not
limited to changes in OPEC's petroleum production levels and world wide oil
consumption and storage, changes in Frontline's operating expenses, including
bunker prices, drydocking and insurance costs, the market for Frontline's
vessels, availability of financing and refinancing, ability to comply with
covenants in such financing arrangements, failure of counterparties to fully
perform their contracts with us, 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, vessel breakdowns, instances of off-hire and
other important factors. For a more complete discussion of these and other
risks and uncertainties associated with Frontline's business, please refer to
Frontline's filings with the Securities and Exchange Commission, including,
but not limited to, its annual report on Form 20-F.

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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

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