In accordance with the resolution by the shareholders at the annual shareholders meeting of FLEX LNG Ltd (“Flex LNG” or the “Company”) (ISIN: VGG359451074, ticker FLNG) held on 19 August 2009, the Board of Directors of FLEX LNG has today resolved to issue 88,107 new shares to the members of the Board of Directors, as part of their remuneration for the second half of 2009. In addition, 76,615 new shares will be issued to the members of the Board of Directors as part of their remuneration for the first half of 2009, in accordance with a resolution of the Board of Directors made on 1 October 2009. The total number of shares to be issued is therefore 164,722. The shares will be issued and registered on or about 26 February 2010