FRO – Distribution of ITC Shares

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:

 

For shares registered at the London Stock Exchange:

 

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):

 

Hamilton, Bermuda

March 10, 2008