FRNT 2012 Ltd. - Closing of transaction

Frontline 2012 Ltd ("Frontline 2012" or "the Company") is pleased to announce that the second and final stage of the previously announced transaction with Knightsbridge Shipping Limited has closed.  Frontline 2012  has received 31 million shares in Knightsbridge Shipping Limited in exchange for 12 Cape size bulk carrier newbuildings. Following this Frontline 2012 holds a total of 77.5 million shares representing 69.7% in Knightsbridge Shipping Limited.

The Board of Directors
Frontline 2012 Ltd.
Hamilton, Bermuda
March 16, 2015
Questions should be directed to:

Robert Hvide Macleod: Chief Executive Officer, Frontline Management AS
+47 23 11 40 84

Inger M. Klemp: Chief Financial Officer, Frontline Management AS
+47 23 11 40 76

Forward Looking Statements

This press release contains forward looking statements. These statements are based upon various assumptions, many of which are based, in turn, upon further assumptions, including management's examination of historical operating trends. Although the Board believes that these assumptions were reasonable when made, because assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond its control, Frontline 2012 cannot give assurance that it will achieve or accomplish
these expectations, beliefs or intentions.

Important factors that, in the Company's view, could cause actual results to differ materially from those discussed in this press release include the strength of world economies and currencies, general market conditions including
fluctuations in charter hire rates and vessel values, changes in demand in the tanker market as a result of changes in OPEC's petroleum production levels and world wide oil consumption and storage, changes in the Company's operating expenses including bunker prices, dry-docking and insurance costs, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due
to accidents or political events, and other important factors described from time to time in the reports filed by the Company with the United States Securities and Exchange Commission.