We refer to Press Release issued December 1st 2004 regarding the demerger of Golden Ocean Group Limited. Please find enclosed Letters and Forms sent out to Frontline shareholders in respect of the distribution of GOGL shares.
For shares registered at the Oslo Stock Exchange:
For shares registered at the London Stock Exchange:
For shares registered at the New York Stock Exchange (To save time the forms for NYSE holders may be faxed to Frontline c/o Mellon Investor Services +1 201 296 4197):
December 30, 2004