Hemen Holding Limited ("Hemen"), a company indirectly controlled by trusts
established by Mr John Fredriksen for the benefit of his immediate family, has
on September 7, 2020 settled a Total Return Swap ("TRS") agreement with
underlying exposure to 3,000,000 shares in Frontline Ltd. ("Frontline"), and
subsequently entered into a new TRS agreement underlying the same number of
shares 3,000,000. New expiry date for the TRS agreement is December 7, 2020, and
new TRS price is NOK 67.8985 per share. Hemen's affiliated ownership in
Frontline is following this transaction unchanged 79,145,703 shares, equal to
40.0 percent of the issued shares and votes in the company, and holds TRS
agreements with underlying exposure to 3,000,000 shares. Hemen does not hold
other shares or rights to shares in Frontline. This disclosure is made pursuant
to section 4-2 of the Norwegian Securities Trading Act.

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