Frontline Ltd. (the “Company”) advises that the 2011 Annual General Meeting of the Company was held on September 23, 2011 at 10:50 a.m. at the Elbow Beach Hotel, 60 South Shore Road, Paget PG06, Bermuda. 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 W.A. Tony Curry as a Director of the Company.
4) To re-elect Cecilie Fredriksen as a Director of the Company.
5) To re-appoint PricewaterhouseCoopers AS of Oslo, Norway as auditors and to authorize the Directors to determine their remuneration
6) That the remuneration payable to the Company’s Board of Directors of a total amount of fees not to exceed US$450,000.00 be approved for the year ended December 31, 2011.
In addition, the audited consolidated financial statements for Frontline Ltd. for the year ended December 31, 2010 were presented to the Meeting.
September 23, 2011