THIS CERTIFIES THAT is the owner of CUSIP DATED COUNTERSIGNED AND REGISTERED: COMPUTERSHARE TRUST COMPANY, N.A. TRANSFER AGENT AND REGISTRAR, FULLY PAID AND NON-ASSESSABLE ORDINARY SHARES OF Frontline LTD. (the “Company”) transferable on the books of the Company by the holder hereof in person or by duly authorized attorney upon surrender of this certificate properly endorsed. This certificate and the shares represented hereby are issued and shall be held subject to all the provisions of the Memorandum of Association and Bye-Laws of the Company, copies of which are on file with the Transfer Agent, to all which the holder hereof by acceptance assents. This certificate is not valid unless countersigned and registered by the Transfer Agent and Registrar. Witness the seal of the Company and the signatures of its duly authorized officers. ORDINARY SHARES PAR VALUE $1.00 PER SHARE ORDINARY SHARES SEE REVERSE FOR CERTAIN DEFINITIONS Certificate Number Shares . FRONTLINE LTD. INCORPORATED UNDER THE LAWS OF THE ISLANDS OF BERMUDA Director and Secretary By AUTHORIZED SIGNATURE BERMUDA 1992 Fr on t l ine Ltd. ★ THIS CERTIFICATE IS TRANSFERABLE IN CANTON, MA, JERSEY CITY, NJ AND COLLEGE STATION, TX ZQ|CERT#|COY|CLS|RGSTRY|ACCT#|TRANSTYPE|RUN#|TRANS# G3682E 19 2 DD-MMM-YYYY * * 0 0 0 0 0 0 * * * * * * * * * * * * * * * * * * * * * 0 0 0 0 0 0 * * * * * * * * * * * * * * * * * * * * * 0 0 0 0 0 0 * * * * * * * * * * * * * * * * * * * * * 0 0 0 0 0 0 * * * * * * * * * * * * * * * * * * * * * 0 0 0 0 0 0 * * * * * * * * * * * * * * ** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Sample **** Mr. Sample **000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares*** *000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares**** 000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****0 00000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****00 0000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000 000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****0000 00**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****00000 0**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000 **Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000* *Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000** Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**S ***ZERO HUNDRED THOUSAND ZERO HUNDRED AND ZERO*** MR. SAMPLE & MRS. SAMPLE & MR. SAMPLE & MRS. SAMPLE ZQ00000000 Certificate Number s 1234567890/123456789 0 1234567890/123456789 0 1234567890/123456789 0 1234567890/123456789 0 1234567890/123456789 0 1234567890/123456789 0 Total Transactio n Num/No . 123456 Denom . 123456 Tota l 1234567 MR A SAMPL E DESIGN ATION (IF ANY ) ADD 1 ADD 2 ADD 3 ADD 4 PO BOX 43004, Providence, RI 02940-3004 CUSI P XXXXXX XX X Holder ID XXXXXXXXX X Insurance Value 1,000,000.0 0 Number of Share s 12345 6 DT C 12345678 12345678901234 5

The IRS requires that the named transfer agent (“we”) report the cos t basis of cer tain shares or uni ts acquired af ter January 1, 20 11. If you r shares or uni ts are covered by the legislation, and you requested to sel l or transfer the shares or uni ts using a specific cost basis calculatio n method, then we have processed as you requested. If you did no t specify a cost basis calculation method, then we have defaulted to th e first in, first out (FIFO) method. Please consult your tax advisor if yo u need additional information about cost basis. If you do not keep in con tact with the issuer or do not have an y activity in your account for the time period specified by st ate la w , your property may become subject to st ate unclaimed propert y laws and transferred to the appropriate st ate . For value received ,____________________________hereby sell, assign and transfer unt o ______________________________________________________________________________________________________________________________ __ ______________________________________________________________________________________________________________________________ __ ______________________________________________________________________________________________________________________________ __ ______________________________________________________________________________________________________________________ _ Share s ______________________________________________________________________________________________________________________ _ Attorne y Dated : __________________________________________2 0 _________________ _ _____________________________________________________________________________________ _ NOTICE: THE SIGN ATURE T O THIS ASSIGNMEN T MUS T CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF TH E CE R TIFIC ATE IN EVE R Y P A R TICULAR, WITHOU T A LTER ATION OR ENLARGEMEN T, OR AN Y CHANGE WH ATEVER . _____________________________________________________________________________________ _ SIGN ATURE(S) GUARANTEED: T HE S IG NA TU RE (S ) SH OU LD B E GU AR AN TE ED B Y AN E LIG IB LE G UA RA NT OR I NS TI TU TI ON ( BA NK S, ST OCKBROKERS, SA VINGS AND LOAN ASSOCI ATIONS AND CREDI T UNIONS) WITH MEMBERSHI P IN A N APPROVED SIGN ATURE GUARANTEE MEDALLION PROGRAM, PURSUAN T TO S.E.C. RULE 17AD-1 5. PLEASE INSE RT SOCIA L SECURIT Y OR OTHER IDENTIFYING NUMBER OF ASSIGNE E (P LE A S E P R IN T O R T Y P E W R IT E N A M E A N D A D D R E S S , I N C LU D IN G P O S TA L Z IP C O D E , O F A S S IG N E E ) of th e ca pi ta l s to ck r ep re se nt ed b y th e w ith in C er tif ic at e, a nd d o he re by ir re vo ca bl y co ns tit ut e an d ap po in t to tr an sf er th e sa id s to ck o n th e bo ok s of th e w ith in -n am ed C om pa ny w ith fu ll po w er o f s ub st itu tio n in th e pr em is es . . The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they w ere written out in ful l according to applicable laws or regulations : TEN CO M -as tenan ts in commo n UNIF GIF T MIN AC T -............................................Custodia n ........................... .................... . (Cust ) (Minor ) TEN EN T -as tenan ts by the entiretie s under Uniform Gi fts to Minors Ac t........................................................ . (S tate ) JT TE N -as joint tenan ts with right of survivorshi p and not as tenan ts in commo n Additional abbreviations may also be used though not in the above list .