Friday December 19, 2014

19.12.2014 11:52

This notification is made pursuant to the Securities Trading Act section 6-18.

Reference is made to the offer document dated 19 November 2014 regarding the mandatory offer made by Geveran Trading Co Ltd (“Geveran”) to acquire all issued and outstanding shares in Flex LNG Ltd. (“Flex LNG” or the “Company”) at an offer price of NOK 8.00 per share (the “Offer”).

The acceptance period of the Offer expired yesterday, 18 December 2014, at 16:30 CET. Geveran has been advised by Fearnley Securities AS, acting as receiving agent for the Offer, that the preliminary result of the Offer shows that Geveran has received acceptances for a total of 44,330,567 shares, corresponding to approximately 34.98% of the share capital and voting rights in the Company.

Based on the preliminary result, Geveran will, at completion of the Offer, hold 103,579,341 shares in the Company, corresponding to approximately 81.74% of the share capital and voting rights.

Note that shareholders of Flex LNG who have accepted the Offer will remain owners of their shares, including retaining the right to vote for their shares and other shareholder rights, until settlement pursuant to the Offer is completed. Settlement of the Offer will be made as soon as possible, and no later than 2 January 2015.