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
[phone]

Inger M. Klemp: Chief Financial Officer, Frontline Management AS
[phone]

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,