Directed new share issue in Frontline 2012 Ltd. (BM) — USD 210 million

Carnegie acted as joint lead manager and joint book-runner in the directed new share issue of 56 million new ordinary shares at a price of USD 3.75 per share. Frontline 2012 Ltd. is a Bermuda based commodity shipping company focusing on tankers, dry bulk and LPG.May, 2012.