Frontline plc, 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 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.