Wednesday December 6, 2017

06.12.2017 16:50

Geveran Trading Co. Ltd. (“Geveran”), a company indirectly controlled by trusts established by Mr John Fredriksen for the benefit of his immediate family, has settled Total Return Swap (TRS) agreements underlying 810,000 shares in Flex LNG Ltd. expiring December 6th, 2017 and subsequently entered into a new TRS agreement underlying the same number of shares 810,000. New expiry date is March 6th, 2018 and new TRS price is NOK 11.09641 per share. Geveran’s affiliated ownership in Flex LNG Ltd. is following this transaction unchanged 191,131,803shares, constituting 51.94 percent of the issued share capital. Geveran controls after this in addition TRS agreements with exposure to totally 810,000 shares in Flex LNG Ltd.