SOURCE: Frontline Ltd.

March 10, 2008 12:27 ET

FRO - Distribution of ITC Shares

HAMILTON, NORWAY--(Marketwire - March 10, 2008) -


We refer to Press Release issued February 20, 2008 regarding the spin-off of Independent Tankers Corporation Limited ("ITCL"). Please find enclosed Letters and Forms sent out to Frontline shareholders in respect of the distribution of ITCL shares.

For shares registered at the Oslo Stock Exchange: http://hugin.info/182/R/1199660/244826.pdf

For shares registered at the London Stock Exchange: http://hugin.info/182/R/1199660/244828.pdf

For shares registered at the New York Stock Exchange (To save time, the forms for NYSE holders may be faxed to Frontline c/o Mellon Investor Services +1 201 680 4606): http://hugin.info/182/R/1199660/244830.pdf

Hamilton, Bermuda
March 10, 2008


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