Notification of Trade

Geveran Trading Co. Limited (“Geveran”), a company indirectly controlled by trusts established by Mr. John Fredriksen for the benefit of his immediate family, has on 10 March 2020 acquired 135,000 shares in Flex LNG Ltd (“Flex LNG”) at a purchase price of NOK 50.1465 per share. Following the acquisition, Geveran will own 24,678,811 shares in Flex LNG which will constitute 45.61% of the shares and votes in Flex LNG. Geveran controls in addition TRS agreements with exposure to totally 825,000 shares in Flex LNG Ltd. The foregoing calculations are based on 54,110,584 outstanding shares in Flex LNG. This information is subject to the disclosure requirements set out in section 4-2 of the Norwegian Securities Trading Act.