FRNT - Frontline 2012 Ltd. Completed Private Placement

Hamilton, Bermuda, September 4, 2013

Frontline 2012 Ltd. ("Frontline 2012" or the "Company") is pleased to announce that it has completed a private placement of 34.1 million new ordinary shares of $2.00 par value at a subscription price of $6.60, raising $225 million in gross proceeds to the Company (the "Private Placement").

The proceeds will be used to finance the announced investment in Avance Gas Holding Ltd (AGHL), the current newbuilding program and further expansion.

The Private Placement was significantly oversubscribed and the shares have been successfully placed with high quality investors who support the long term strategy of building Frontline 2012 into the leading global commodity shipping company focused on modern fuel efficient tonnage.

DNB Markets, Fearnley Securities, Arctic Securities, Pareto Securities and SpareBank 1 Markets have acted as joint lead managers and book-runners for the Private Placement.

Frontline 2012 Ltd. press release