Robert Hvide Macleod, CEO of Frontline Management AS, has today purchased call
options in the open market to acquire up to 500,000 shares in Frontline Ltd.
("Frontline") at a strike price of NOK 65.00 per share and with an option
premium of NOK 4.26 per share. The options are exercisable at any time up to and
including 18 December 2020.
 
In addition, Macleod has today placed 1,050,000 shares in Frontline on a Total
Return Swap ("TRS") contract by selling 1,050,000 shares at a price of NOK 59,30
per share and entering into a TRS agreement with exposure to the same number of
shares with expiry date 4 December 2020 and TRS price NOK 59,535 per underlying
share. Following these trades, Macleod holds no shares in Frontline but his
financial exposure remains unchanged at 1,050,000 shares underlying the TRS
agreement, in addition to the 500,000 call options described above. Macleod does
not hold other rights to shares in Frontline. 

This disclosure is made pursuant to section 4-2 of the Norwegian Securities
Trading Act.

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