Mandatory notification of trade

Hamilton, Bermuda. August 20, 2019. 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 5,000 shares in Flex LNG at a price of NOK 86.20. Following the transaction, Mr. Kalleklev holds 20,000 shares in Flex LNG and options for a further 60,000 shares. These options have a strike price of $ 14.3 per share equivalent to about NOK 129 per share with USD/NOK 8.99 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 2,000 shares in Flex LNG at a price of NOK 86.20. Following the transaction, Mr. Gurvin holds 7,000 shares in Flex LNG and options for a further 30,000 shares. These options have a strike price of $ 17.6 per share equivalent to about NOK 158 per share with USD/NOK 8.99 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