Frontline 2012 announced that Miss Cecile Fredriksen and Mr. Harald Thorstein have resigned from their positions as Directors of the Company. Both Miss Fredriksen and Mr. Thorstein will continue to be Board members in other related group companies. The company further announced the appointment of Jens Martin Jensen, Paul Leand and Hans Petter Aas as Directors to fill three of the vacancies on the Board.

Mr. Jensen is also a Director of Flex LNG Ltd. Mr. Leand is also a Director of Ship Finance International Limited, Seadrill Limited and North Atlantic Drilling Ltd. Mr. Aas is also a Director of Golden Ocean Group Limited, Ship Finance International Limited and Seadrill Limited.