Monday March 15, 2021

Flex LNG – Changes to the Board composition
March 15, 2021 – Hamilton, Bermuda

Flex LNG Ltd (“FLNG” or “the Company”) announces that Marius Hermansen has resigned as a Director of the Company. Mr. Hermansen has served as a Director since December 2015. The Board would like to thank Mr. Hermansen for his contribution and wishes him well in his future pursuits.

The remaining board members have appointed Mr. Steen Jacobsen to the Board. Steen Jakobsen is the Chief Investment Officer of Saxo Bank, a bank he joined in 2000. Mr. Jakobsen was the founder of Saxo Bank’s renowned Outrageous Predictions. Prior to joining Saxo Bank, he worked with Swiss Bank Corp, Citibank, Chase Manhattan, UBS and served as Global Head of Trading, FX and Options at Christiania (now Nordea). Steen Jakobsen graduated University of Copenhagen in 1989 with a MSc in Economics.

For further information, please contact:
Øystein M Kalleklev, CEO of Flex LNG Management AS
Telephone: +47 23 11 40 00

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