Frontline Ltd. - Termination of charter of a single hull VLCC

Press release from Frontline Ltd. 18-03-2010

Frontline Ltd. ("Frontline") has agreed with Ship Finance International Limited ("Ship Finance") to terminate the long term charter party between the companies for the single hull VLCC Golden River and Ship Finance has simultaneously sold the vessel to an unrelated third party.

The termination of the charter is expected to take place in April 2010 and Ship Finance will make a compensation payment to Frontline of approximately $2.9 million for the early termination of the charter party.

Frontline Ltd.