Increase in share capital

Hamilton, Bermuda, February 3, 2014

Reference is made to the announcement by Frontline Ltd. ("Frontline" or the "Company") of the Company's entry into an at the market equity distribution program on June 6, 2013.

Frontline has issued 8,829,063ordinary shares under that program during the month of January 2014. Following such issuance, Frontline has an issued share capital of USD 95,340,776 divided into 95,340,776 ordinary shares.

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

Frontline Ltd. press release