Extension and Partial Redemption for Frontline Re Ltd - Series 2018-1 Class A & B Principal At-Risk Variable Rate Notes Due 6th, July 2022

Hamilton, Bermuda: 30 November 2022 – Frontline Re Ltd., (the “Company”) has advised the Bermuda Stock Exchange (BSX) of the extension of the maturity date of the Company’s BSX listed Series 2018-1 Class A & B Principal At-Risk Variable Rate Notes Due 6th, July 2022 to 1st, July 2026. (the Notes)

The Exchange has therefore extended the maturity date of the Notes pursuant to the provisions of the BSX Listing Regulations, Section I, Chapter 2, Regulation 2.33.

The Company has also advised the Exchange of a partial reduction of the Class A shares of $200,000,000 on August 1, 2022, pursuant to the provisions of the BSX Listings Regulations, Section 5, Chapter 6, Regulation 6.8. The revised outstanding limit is now $50,000,000.

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