Frontline Ltd. - Acquisition of two VLCCs

19-04-2010

Frontline Ltd. (the "Company" or "Frontline") (NYSE: FRO, OSE: FRO) is pleased to announce the acquisition of two double hull VLCC tankers; Callisto Glory and Andromeda Glory from an unrelated 3rd party. The two 321,300 dwt vessels are built by Daewoo Shipbuilding & Marine Engineering Co., Ltd. in South Korea in 2009 and are of high specification. The vessels are expected to be delivered in the period May to June 2010.

The acquisition will contribute to further consolidation of the VLCC market and confirms Frontline's position as the world's largest independent operator and owner of double hull VLCC tonnage.

Frontline's commitment to acquire the two double hull VLCC tankers confirms the Board's firm belief in the future prospects in the tanker market.

Frontline Ltd.