Wednesday August 25, 2010

25.08.2010 08:29

Mr. Aoki Hiromichi, a board member of FLEX LNG Ltd, has today been allotted 17,412 ordinary shares to be issued by Flex LNG Ltd as part of his remuneration for the first half of 2010. The shares constitute a total remuneration of USD 12,500, based on a price per share of NOK 4.4846 for the first half of 2010. The price per share is calculated on the basis of the volume weighted average trading price of the Company’s shares over a period of ten consecutive trading days ending on the day of the remuneration settlement, being 21 July 2010.

Mr. Aoki Hiromichi is an Executive Officer in Kawasaki Kisen Kaisha Ltd., and in accordance with an agreement with Mr. Aoki Hiromichi the shares will be issued to Kawasaki Kisen Kaisha Ltd. After the issue of these shares, Kawasaki Kisen Kaisha Ltd. will have a holding of 16,954,416 shares in the Company, representing 15.00 % of the total shares outstanding.