Frontline plc

15. COMMITMENTS AND CONTINGENCIES

As of December 31, 2025, Frontline plc has agreed to provide a $60.0 million guarantee in respect of the performance of its subsidiaries, under a bunker supply arrangement with TFG Marine, a related party. Should TFG Marine be required to provide a parent company guarantee to its bunker suppliers or finance providers then for any guarantee that is provided by the Trafigura Group and becomes payable, Frontline shall pay a pro rata amount based on its share of the equity in TFG Marine. The maximum liability under this guarantee is $6.0 million and there are no amounts payable under this guarantee as at December 31, 2025.

As of December 31, 2025, the Company has jointly and severally guaranteed, along with Frontline 2012 Ltd, Frontfleet Ltd and Frontfleet II Ltd, the performance of certain wholly owned subsidiaries under their respective debt agreements. As of December 31, 2025, the total fair value of the debt guaranteed by the Company was $3,119.6 million and there are no amounts payable under this guarantee as at December 31, 2025.

In the year ended December 31, 2024, certain funds managed by FourWorld Capital Management LLC (“FourWorld”) began proceedings before the Antwerp Enterprise Court (Belgium), in connection with their claims pertaining to the integrated solution for the strategic and structural deadlock within former Euronav NV announced on October 9, 2023, and former Euronav NV’s acquisition of CMB.TECH NV on December 22, 2023. FourWorld claims that the transactions should be rescinded and in addition has requested the court to order CMB and Frontline to pay damages in an amount to be determined during the course of the proceedings, which are ongoing. The Company finds the claims to be without merit and continues to vigorously defend against them.