Flex LNG Ltd: Mandatory Notification of Trade

February 28, 2019. Hamilton, Bermuda

Flex LNG Ltd (“Flex LNG” or the “Company”) hereby announces that Mr. Øystein M. Kalleklev, Chief Executive Officer of Flex LNG Management AS, has today acquired 20,000 shares in Flex LNG at a price of NOK 10.25. Following the transaction, Mr. Kalleklev holds 80,000 shares in Flex LNG and options for a further 600,000 shares. These options have a strike price of $ 1.43 per share equivalent to about NOK 12.23 per share with USD/NOK 8.55 and vest equally one third over a three-year vesting period.

Furthermore Mr. Harald Gurvin, Chief Financial Officer of Flex LNG Management AS, has today acquired 20,000 shares in Flex LNG at a price of NOK 10.20. Following the transaction, Mr. Gurvin holds 50,000 shares in Flex LNG and options for a further 300,000 shares. These options have a strike price of $ 1.76 per share equivalent to about NOK 15.05 per share with USD/NOK 8.55 and vest equally one third over a three-year vesting period.

For more info please contact: Harald Gurvin, Chief Financial Officer.
Telephone +47 23 11 40 00

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act or the continuing obligations of Oslo Børs.