About Frontline Ltd Fleet Investor Relations Contact Frontline | IR Contacts IR Contacts Surname First Name Position Telephone Klemp Inger M Chief Financial Officer +47 23 11 40 00 Henriksen Anders Søvde Vice President Finance +47 23 11 40 00 Frontline © 2018 Frontline Management AS | Phone: +47 23 11 40 00 | Fax: +47 23 11 40 40 Frontline Ltd | Phone: +1 441 295 6935 | Fax: +1 441 295 3494

About Frontline Ltd Fleet Investor Relations Contact Frontline | Dividend Policy and History Dividend Policy and History Frontline aims to distribute quarterly dividends to shareholders equal to or close to earnings per share adjusted for non recurring items. The timing and amount of dividends is at the discretion of the Board of Directors. Updated May 30, 2017 Dividend History Cash Dividend (amounts not adjusted for reverse stock split, 1-for-5, 3rd March 2016) Period Dividend per share USD Declared Record Payable 2020 Q2 2020 0.50 27.08.2020 11.09.2020 29.09.2020 Q1 2020 0.70 20.05.2020 04.06.2020 22.06.2020 2019 Q4 2019 0.40 27.02.2020 13.03.2020 26.03.2020 Q3 2019 0.10 27.11.2019 11.12.2019 20.12.2019 2017 Q1 2017 0.15 30.05.2017 12.06.2017 21.06.2017 2016 Q4 2016 0.15 28.02.2017 13.03.2017 23.03.2017 Q3 2016 0.10 29.11.2016 15.12.2016 22.12.2016 Q2 2016 0.20 31.08.2016 12.09.2016 19.09.2016 Q1 2016 0.40 31.05.2016 13.06.2016 20.06.2016 2015 Q4 2015 0.35 29.02.2016 11.03.2016 18.03.2016 Q4 2015 0.05 01.12.2015 18.12.2015 30.12.2015 Dividend History Frontline © 2018 Frontline Management AS | Phone: +47 23 11 40 00 | Fax: +47 23 11 40 40 Frontline Ltd | Phone: +1 441 295 6935 | Fax: +1 441 295 3494

About Frontline Ltd Fleet Investor Relations Contact Frontline | VLCC VLCC Type Vessel name Flag Built DWT Yard VLCC Front Nausta MI 2019 319,000 mt HHI VLCC Front Driva MI 2019 319,000 mt HHI VLCC Front Dynamic MI 2020 299,000 mt HSHI VLCC Front Discovery MI 2019 299,000 mt HSHI VLCC Front Defender MI 2019 299,000 mt HSHI VLCC Front Cecilie MI 2010 297,000 mt SWS VLCC Front Duke MI 2016 299,000 mt Hyundai VLCC Front Duchess MI 2017 299,000 mt Hyundai VLCC Front Earl MI 2017 303,000 mt JMU VLCC Front Eminence MI 2009 321,000 mt Daewoo VLCC Front Empire MI 2018 303,000 mt JMU VLCC Front Endurance MI 2009 321,000 mt Daewoo VLCC Front Energy MI 2004 305,000 mt Hyundai VLCC Front Force MI 2004 305,000 mt Hyundai VLCC Front Kathrine MI 2009 298,000 mt SWS VLCC Front Prince MI 2017 301,000 mt DSME VLCC Front Princess MI 2018 302,000 mt DSME VLCC Front Queen MI 2009 298,000 mt SWS VLCC Front Signe MI 2010 297,000 mt SWS Frontline © 2018 Frontline Management AS | Phone: +47 23 11 40 00 | Fax: +47 23 11 40 40 Frontline Ltd | Phone: +1 441 295 6935 | Fax: +1 441 295 3494