Frontline Reports 2020 Net Income of $412.9 Million, Strongest Result Since 2008 Frontline Ltd., Friday reported unaudited results for the three months and year ended December 31, 2020: Highlights • Net income of $412.9 million or $2.09 per diluted share and adjusted net income of $421.6 million or $2.13 per diluted share for the year ended December 31, 2020, being the strongest yearly result since 2008 • Net loss of $9.2 million, or $0.05 per diluted share for the fourth quarter of 2020 • Adjusted net loss of $20.2 million, or $0.10 per diluted share for the fourth quarter of 2020 • Reported total operating revenues of $174.9 million for the fourth quarter of 2020 • Reported spot TCEs for VLCCs, Suezmax tankers and LR2 tankers in the fourth quarter of 2020 were $17,200, $9,800 and $12,500 per day, respectively