FRO - US$225,000,000 4.50 per cent Frontline Ltd. Convertible Bond Issue 2010/2015 - ISIN NO 001057149.0

On February 22, 2011 Frontline Ltd. announced a dividend of $0.10 per share. The Conversion Price has been adjusted on the Convertible Bond from $37.0483 to $36.5567 per share effective on March 7, 2011, which was the ex-dividend date. More information about the convertible bond can be found in the Bonds section on Frontline Ltd.'s website: or on Hamilton, Bermuda March 7, 2011 This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act) This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Frontline Ltd. via Thomson Reuters ONE [HUG#1495023]