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Extension of the time-charter agreement for Flex Enterprise

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Hamilton, Bermuda January 15, 2020

Flex LNG LTD (Flex LNG or the Company – OSE/NYSE: FLNG) today announce extension of the time-charter agreement for Flex Enterprise. With this extension, the firm period under the time charter is end of first quarter 2021. The charterer also has remaining extension options. The time charter rate is variable as a function of the overall market conditions.

Øystein M. Kalleklev, Chief Executive Officer of Flex LNG Management commented: “We are happy to announce another time charter extension, this time for Flex Enterprise. Flex LNG Fleet Management took over ship management responsibilities for this ship in November 2019 so we are particularly pleased that the charterer has elected to extend this time charter”. For further information, please contact:

Øystein M. Kalleklev, Chief Executive Officer Flex LNG Management AS Telephone: +47 23 11 40 00, Mobile: +47 90 88 56 65,

E-Mail: IR@flexlng.com

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