FRO - Marshall Islands Lawsuit Update

Frontline Ltd. (NYSE/OSE: FRO) today announced that the Marshall Islands Court has agreed to hear its request for a preliminary injunction against DHT Holdings on May 17, 2017.  Frontline seeks an order requiring DHT to set aside its poison pill and other improper takeover defenses DHT has erected to entrench itself and its management against offers by Frontline and other third-party bidders (aside from BW Group). 
               
We continue to urge the Board of DHT to negotiate in good faith with Frontline over its proposed offer, for the benefit of all DHT shareholders and consistent with the Board's fiduciary duties.  We will explore all available courses to ensure DHT shareholders receive equitable treatment.

April 28, 2017
The Board of Directors
Frontline Ltd.
Hamilton, Bermuda

Contacts:

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

Additional Information

This  communication does not constitute an offer  to sell or the solicitation of
an  offer to buy any securities or a  solicitation of any vote or approval. This
communication  relates to a  proposed business combination  transaction with DHT
proposed  by Frontline, which may become the subject of a registration statement
filed  with the Securities and Exchange Commission (the "SEC"). This material is
not  a substitute for the prospectus and/or proxy statement Frontline would file
with the SEC regarding the proposed transaction if such a negotiated transaction
with  DHT is reached or for any other document which Frontline may file with the
SEC  or send to  DHT or Frontline  stockholders in connection  with the proposed
transaction.  INVESTORS AND SECURITY  HOLDERS OF Frontline  AND DHT ARE URGED TO
READ  ANY SUCH DOCUMENTS FILED  WITH THE SEC CAREFULLY  IN THEIR ENTIRETY IF AND
WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT
THE  PROPOSED  TRANSACTION.  Such  documents  would  be available free of charge
through the web site maintained by the SEC at www.sec.gov

Forward-Looking Statements

Matters   discussed   in   this  communication  may  constitute  forward-looking
statements.  The Private Securities Litigation  Reform Act of 1995 provides safe
harbor  protections  for  forward-looking  statements,  which include statements
concerning  plans, objectives, goals, strategies,  future events or performance,
and underlying assumptions and other statements, which are other than statements
of   historical   facts.  Words  such  as  "believe",  "anticipate",  "intends",
"estimate",   "forecast",   "project",  "plan",  "potential",  "may",  "should",
"expect", "pending" and similar expressions identify forward-looking statements.
The  forward-looking  statements  in  this  communication are based upon various
assumptions.   Although we believe  that these assumptions  were reasonable when
made,   because   these   assumptions  are  inherently  subject  to  significant
uncertainties and contingencies which are difficult or impossible to predict and
are  beyond our control, we cannot assure you that we will achieve or accomplish
these  expectations, beliefs  or projections.  The information  set forth herein
speaks  only as of the date hereof,  and we disclaim any intention or obligation
to  update any forward-looking statements as  a result of developments occurring
after the date of this communication. In addition to these important factors and
matters  discussed elsewhere herein, important factors  that, in our view, could
cause  actual results to differ materially  from those discussed in the forward-
looking  statements  include  DHT's  failure  to accept Frontline's proposal and
enter into a definitive agreement to effect the transaction, fluctuations in the
value  of  Frontline  common  shares  issued  in  connection  with  the proposed
acquisition,  the strength  of world  economies, fluctuations  in currencies and
interest  rates, general  market conditions,  including fluctuations  in charter
hire  rates and vessel values, changes in demand in the dry bulk market, changes
in  our operating  expenses, including  bunker prices,  drydocking and insurance
costs,  the market for our  vessels,  availability of financing and refinancing,
changes  in governmental  rules and  regulations or  actions taken by regulatory
authorities,  potential  liability  from  pending  or future litigation, general
domestic   and  international  political  conditions,  potential  disruption  of
shipping  routes due to  accidents, political events  or acts by terrorists, and
other  important factors described from time to time in the reports filed by the
Frontline with the Securities and Exchange Commission.

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.