FRO - Increase In Share Capital

HAMILTON, Bermuda, Oct. 16, 2013 (GLOBE NEWSWIRE) --
Reference is made to the announcement by Frontline Ltd. ("Frontline" or the"Company") of the Company's entry into a debt for equity exchange agreementOctober 11, 2013.Frontline has on October 15, 2013 issued 5,809,129 new ordinary shares.Following such issuance, Frontline has an issued share capital of USD84,652,715 divided into 84,652,715 ordinary shares.October 15, 2013The Board of DirectorsFrontline Ltd.Hamilton, BermudaQuestions should be directed to:Jens Martin Jensen: Chief Executive Officer, Frontline Management AS+47 23 11 40 00Inger M. Klemp: Chief Financial Officer, Frontline Management AS+47 23 11 40 00This information is subject of the disclosure requirements pursuant to section5-12 of the Norwegian Securities Trading Act.[HUG#1735921]