GlobeNewswire Inc | Aug 31, 2020 11:49AM EDT

August 31, 2020

Frontline Ltd. (the Company) advises that the 2020 Annual General Meeting of the Shareholders of the Company was held on August 31, 2020 at 9:00 a.m. at Par-la-Ville Place, 4th Floor, 14 Par-la-Ville Road, Hamilton Bermuda. The audited consolidated financial statements for the Company for the year ended December 31, 2019 were presented to the Meeting.

In addition, the following resolutions were passed:

-- To set the maximum number of Directors to be not more than eight.

-- To resolve that vacancies in the number of Directors be designated as casual vacancies and that the Board of Directors be authorised to fill such vacancies as and when it deems fit.

-- To re-elect John Fredriksen as a Director of the Company.

-- To re-elect James OShaughnessy as a Director of the Company.

-- To re-elect Ola Lorentzon as a Director of the Company.

-- To elect Tor Svelland as a Director of the Company.

-- To re-appoint PricewaterhouseCoopers AS of Oslo, Norway as auditors and to authorise the Directors to determine their remuneration.

-- To approve the remuneration of the Companys Board of Directors of a total amount of fees not to exceed US$600,000 for the year ended December 31, 2020.

Hamilton, BermudaAugust 31, 2020

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