FRO - Redomiciliation of Frontline to Cyprus is Effective

30 Dec 2022 14:53 CET

Frontline plc ("Frontline" or the "Company") (NYSE: FRO - OSE: FRO), formerly
Frontline Ltd., refers to its announcement on December 20, 2022 regarding the
approval by Frontline's shareholders at the Special General Meeting held on
December 20, 2022, to redomicile the Company to the Republic of Cyprus under the
name of Frontline plc (the "Redomiciliation").

The Registrar of Companies and Official Receiver of the Republic of Cyprus has
today issued a temporary redomiciliation certificate, and the Redomiciliation
has therefore taken effect. Frontline Ltd. discontinued its existence as
Frontline Ltd. as provided under Sections 132G and 132H of the Companies Act
1981 of Bermuda, and, pursuant to Sections 354(B)-(H) of Cap.113 of the statutes
of the Republic of Cyprus, continued its existence as Frontline plc. The
business, assets and liabilities of Frontline Ltd. and its subsidiaries prior to
the Redomiciliation are the same as Frontline plc immediately after the
Redomiciliation on a consolidated basis, as well as its fiscal year. In
addition, the directors and executive officers of the Frontline plc immediately
after the Redomiciliation are the same individuals who were directors and
executive officers, respectively, of Frontline Ltd. immediately prior to the
Redomiciliation. For further details on the consequences hereof, please refer to
the Company's announcement dated December 20, 2022 and further information
referred to therein.

Prior to the Redomiciliation, Frontline Ltd.'s ordinary shares were listed on
the New York Stock Exchange ("NYSE") and Oslo Stock Exchange ("OSE") under the
symbol "FRO." Upon effectiveness of the Redomiciliation, the Company's ordinary
shares continue to be listed on the NYSE and OSE and is expected to commence
trading under the new name Frontline plc and new CUSIP number M46528101 and new
ISIN CY0200352116 on the NYSE on or about January 3, 2023 and on the OSE on or
about January 9, 2023. Frontline plc's LEI number will not be affected by the
Redomiciliation and will remain the same.

Conversion of the ordinary shares in the Company between the NYSE and the OSE
will be restricted from January 2, 2023 until the ordinary shares in the Company
trade under the new ISIN on the OSE, which is expected to take place on January
9, 2023. Any conversion transactions that remain unsettled as of the open of
trading on January 3, 2023 will be cancelled.

During a period which is expected to last from and including January 4, 2023 to
and including January 6, 2023, the ordinary shares in the Company will trade on
the OSE under a temporary ticker symbol, the details of which will be announced
separately. The ticker symbol for trading on the OSE will return to "FRO" from
the same date as the ordinary shares in the Company trade on the OSE under the
new ISIN, which is expected to take place on January 9, 2023.

December 30, 2022

The Board of Directors
Frontline plc
Limassol, Cyprus

Questions should be directed to:
Lars H. Barstad: Chief Executive Officer, Frontline Management AS
+47 23 11 40 00
Inger M. Klemp: Chief Financial Officer, Frontline Management AS
+47 23 11 40 00

Forward-Looking Statements

Matters discussed in this announcement 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.

Frontline and its subsidiaries, desire to take advantage of the safe harbour
provisions of the Private Securities Litigation Reform Act of 1995 and is
including this cautionary statement in connection with this safe harbour
legislation. This announcement and any other written or oral statements made by
Frontline or its behalf may include forward-looking statements, which reflect
its current views with respect to future events and financial performance and
are not intended to give any assurance as to future results. When used in this
document, the words "believe," "anticipate," "intend," "estimate," "forecast,"
"project," "plan," "potential," "will," "may," "should," "expect" and similar
expressions, terms or phrases may identify forward-looking statements.

The forward-looking statements in this announcement are based upon various
assumptions, including without limitation, management's examination of
historical operating trends, data contained in our records and data available
from third parties. Although Frontline believes 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 Frontline's control, it cannot assure you that Frontline
will achieve or accomplish these expectations, beliefs or projections. Frontline
undertakes no obligation to update any forward-looking statements, whether as a
result of new information, future events or otherwise. In addition to these
important factors and matters discussed elsewhere herein, important factors
that, in Frontline's view, could cause actual results to differ materially from
those discussed in the forward-looking statements include important factors
described from time to time in the reports and other documents, including
filings with the U.S. Securities and Exchange Commission.

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

NO OFFER OR SOLICITATION

This announcement shall not constitute an offer to sell or the solicitation of
an offer to buy, sell, or solicit any securities or any proxy vote or approval,
nor shall there be any sale of securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction. No offering of
securities shall be made except by means of a prospectus meeting the
requirements of Section 10 of the U.S. Securities Act of 1933, as amended.

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