Thursday February 18, 2021

Hamilton, Bermuda. February 18, 2020.

Flex LNG Ltd (“Flex LNG” or the “Company”) hereby announces that the following primary insiders have today acquired shares in Flex LNG:

Mr. Øystein M. Kalleklev, Chief Executive Officer of Flex LNG Management AS, has today acquired 2,500 shares in Flex LNG at a price of NOK 75.19. Following the transaction, Mr. Kalleklev holds 50,000 shares in Flex LNG and options for a further 60,000 shares. These options have a strike price of $14 per share equivalent to about NOK 119 per share with USD/NOK 8.50 and vest equally one third over a three-year vesting period.

For more info please contact: Harald Gurvin, Chief Financial Officer. Telephone +47 23 11 40 00

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