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Frontline Ltd. Annual General Meeting

At the Frontline Ltd. AGM August 31st, 2020, Folketrygdfondet intends to vote against item 2 for the following reasons:

Item 2: Resolution authorizing the Board of Directors to fill casual vacancies

The Frontline Ltd. board of directors has requested shareholder authorization to allow the board to appoint new board members. Folketrygdfondet is fundamentally of the view that board members should be elected by the shareholders at a general meeting.

Folketrygdfondet intends therefore to vote against the above resolution.