Notification of primary insider

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Hamilton, Bermuda. February 26, 2020. Flex LNG Ltd (“Flex LNG” or the “Company”) hereby announces that the following primary insiders have today acquired shares in Flex LNG:

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 60.00. Following the transaction, Mr. Kalleklev holds 40,000 shares in Flex LNG and options for a further 60,000 shares. These options have a strike price of $ 14.20 per share equivalent to about NOK 133.50 per share with USD/NOK 9.40 and vest equally one third over a three-year vesting period.

Mr. Halfdan Marius Foss, Head of Shipping and Operations of Flex LNG Management AS, has today acquired 5,000 shares in Flex LNG at a price of NOK 59.90. Following the transaction, Mr. Foss holds 6,264 shares in Flex LNG and options for a further 45,000 shares. These options have a strike price of $ 14.20 per share equivalent to about NOK 133.50 per share with USD/NOK 9.40 and vest equally one third over a three-year vesting period.

Mr. Harald Gurvin, Chief Financial Officer of Flex LNG Management AS, has today acquired 5,000 shares in Flex LNG at a price of NOK 60.00. Following the transaction, Mr. Gurvin holds 15,000 shares in Flex LNG and options for a further 30,000 shares. These options have a strike price of $ 17.50 per share equivalent to about NOK 164.50 per share with USD/NOK 9.40 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

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