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

07.03.2011

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: http://www.frontline.bm/IR/bonds.shtml or on http://www.stamdata.no/.

Hamilton, Bermuda

March 7, 2011

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)