Equity Distribution Agreement

On November 30, Invesco Mortgage Capital Inc. entered into a share distribution agreement allowing it to sell up to 45 million common shares from time to time. The company is not required to sell and the placement agent is not required to buy or sell shares under the share distribution agreement. Invesco Mortgage Capital enters into an equity distribution agreement of Frontline Ltd. (NYSE:FRO) (“Frontline”) announces that it has entered into a share distribution agreement with Morgan Stanley & Co. LLC (“Morgan Stanley”) under which Frontline may, at any time and from time to time, offer and sell new common shares with total proceeds of up to $40.0 million through Morgan Stanley. Frontline expects to use the proceeds of this offering for general purposes and to supplement working capital requirements. . Forward-looking statements include statements about future plans, objectives, objectives, strategies, events or performance, as well as underlying assumptions and other statements that are not statements about historical facts. Frontline wishes to use the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and incorporates these disclaimers in conjunction with this safe harbor legislation. The words “believe”, “anticipate”, “intend”, “estimate”, “forecast”, “anticipate”, “plan”, “potentially”, “become”, “may”, “should”, “expect”, “expect” and similar expressions characterize forward-looking statements. The forward-looking statements contained in this document are based on various assumptions, many of which are in turn based on other assumptions, including, but not limited to, management`s study of historical trends in operations, data contained in Frontline`s records, and other data available by third parties. .

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