Reference is made to the announcement by Frontline Ltd. ("Frontline" or the
"Company") of the Company's entry into an Equity Distribution Agreement on July
24, 2018.
Frontline has issued 4,278,289 ordinary shares pursuant to the Equity
Distribution Agreement during the month of October 2019. Following such
issuance, Frontline has an issued share capital of USD 196,894,321 divided into
196,894,321 ordinary shares.
The Equity Distribution Agreement is now completed and the Company has issued in
total 11,049,141 ordinary shares and raised total proceeds of $100 million under
the Equity Distribution Agreement.
October 09, 2019
The Board of Directors
Frontline Ltd.
Hamilton, Bermuda
Questions should be directed to:
Robert Hvide Macleod: Chief Executive Officer, Frontline Management AS
+47 23 11 40 84
Inger M. Klemp: Chief Financial Officer, Frontline Management AS +47 23 11 40 76
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.