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FRO - 2015 Annual General Meeting

Hamilton, Bermuda, Sept. 21, 2015 (GLOBE NEWSWIRE) -- Frontline Ltd. (the "Company") advises that the 2015 Annual General Meeting of the Shareholders of the Company was held on September 18, 2015 at 10:15 a.m. at the Elbow Beach Hotel, 60 South Shore Road, Paget PG04, Bermuda. The audited consolidated financial statements for the Company for the year ended December 31, 2014 were presented to the Meeting.

In addition, the following resolutions were passed:

1) To re-elect John Fredriksen as a Director of the Company.

2) To re-elect Kate Blankenship as a Director of the Company.

3) To re-elect Georgina E. Sousa as a Director of the Company.

4) To re-elect Ola Lorentzon as a Director of the Company.

5) To re-elect Robert Hvide Macleod as a Director of the Company.

6) To re-appoint PricewaterhouseCoopers AS of Oslo, Norway as auditors and to authorise the Directors to determine their remuneration.

7) That the remuneration payable to the Company's Board of Directors of a total amount of fees not to exceed US$600,000.00 be approved for the year ended December 31, 2015.

In addition, at a Board Meeting held following the Annual General Meeting of the Shareholders, Robert Hvide Macleod was appointed as Principal Executive Officer. Mr. John Fredriksen will continue to serve as Chairman of the Board of Directors of the Company.

Hamilton, Bermuda
September 18, 2015

Important Information For Investors And Shareholders

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. In connection with the proposed transaction between Frontline and Frontline 2012, Frontline has filed relevant materials with the Securities and Exchange Commission (the "SEC"), including a registration statement of Frontline on Form F-4 (File No. 333-206542) , filed on August 24, 2015, that includes a joint proxy statement of Frontline 2012 and Frontline that also constitutes a prospectus of Frontline. The registration statement has not yet become effective. After the registration statement is declared effective by the SEC, a definitive joint proxy statement/prospectus will be mailed to shareholders of Frontline 2012 and Frontline. INVESTORS AND SECURITY HOLDERS OF FRONTLINE 2012 AND FRONTLINE ARE URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS AND OTHER DOCUMENTS THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of the registration statement and the joint proxy statement/prospectus (when available) and other documents filed with or furnished to the SEC by Frontline through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with or furnished to the SEC by Frontline will be available free of charge on Frontline's website at http://www.Frontline.bm. Additional information regarding the participants in the proxy solicitations and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the joint proxy statement/prospectus and other relevant materials to be filed with or furnished to the SEC when they become available.


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

HUG#1953355

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