Frontline Ltd. ("Frontline" or the "Company") hereby
announces that 1,170,000 share options have been
awarded to employees and board members in accordance
with the terms of the Company's Share Option Scheme.
The share options will have a five-year term and will
vest equally one third over a three-year vesting
period. The exercise price is USD 8.00. The exercise
price will be adjusted for any distribution of
dividends made before the relevant options are
exercised.
Furhter information enclosed.
July 5, 2016
The Board of Directors
Frontline Ltd.
Hamilton, Bermuda
This information is subject to the disclosure
requirements pursuant to section 5-12 and 4-2 of the
Norwegian Securities Trading Act.