Road Town, Tortola, 19 May 2011. FLEX LNG (Oslo Axess: FLNG), the Board of Directors hereby gives notice that it has approved the issuance of 11,315,080 shares to InterOil Corporation (NYSE: IOC) (InterOil) and Pacific LNG Operations (Pacific LNG) and/or their nominees. The split of shares will be 8,938,913 to InterOil (a 7.18% holding in FLEX once issued) and 2,376,167 to Pacific LNG (a 1.91% holding in FLEX once issued). The Company will issue the shares as soon as the necessary administrative steps have been completed. The number of FLEX LNG shares before this issue is 113,162,122, which will increase to 124,477,202 after the issuance.