Regulated information. This press release contains inside information within the meaning of Regulation (EU) no 596/2014 of the European Parliament and the Council of 16 April 2014 on market abuse (Market Abuse Regulation).

Frontline plc (“Frontline”) (NYSE: FRO – OSE: FRO), formerly Frontline Ltd., announces that the Emergency Arbitration claims filed by Euronav have been fully dismissed by the Emergency Arbitrator.

The decision was issued today, and in addition to fully dismissing the claims, orders Euronav to pay to Frontline all costs of the Emergency Arbitration proceedings, including full compensation for legal costs incurred.

This decision strengthens Frontline’s position that its decision to terminate the combination agreement was entirely lawful.

February 7, 2023
The Board of Directors
Frontline plc
Limassol, Cyprus

Frontline Ltd. press release