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FRO - Exempted from Norwegian takeover rules

HAMILTON, Bermuda, June 3, 2015 (GLOBE NEWSWIRE) -- Frontline Ltd. ("Frontline") (NYSE/OSE: FRO) has a primary listing of its shares on New York Stock Exchange ("NYSE") and a secondary listing on Oslo Stock Exchange ("OSE"). Due to its primary listing on NYSE, Frontline is subject to tender offer rules set out in U.S. securities laws which include certain obligations towards the U.S. Securities and Exchange Commission. The OSE, in its capacity as take-over supervisory authority in Norway, has on June 2, 2015, resolved to exempt Frontline from the provisions regulating voluntary and mandatory takeover bids in Chapter 6 of the Norwegian Securities Trading Act (the "Norwegian Takeover Rules"). Consequently, trading in the shares of Frontline will not be subject to the Norwegian Takeover Rules.

June 2, 2015

Frontline Ltd.
Hamilton, Bermuda

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

HUG#1925921

CONTACT: Inger Marie Klemp (CFO), +47 23 11 40 00Source:Frontline Ltd