Flex LNG Ltd.

Major Shareholding Notification • Aug 10, 2010

Mandatory notification of trade, primary insider share transactions:

Hansa LNG Limited, a BVI registered company, has on 9

August purchased 138,000 shares in FLEX LNG Limited

at a price of NOK 4.50 per share. After the

transaction Hansa LNG Limited holds a total of

1,138,000 shares in FLEX LNG Ltd (representing

1,138,000/112,910,912*100 =1.0% of the shares

outstanding). In addition Hansa LNG Limited holds

6,631,455 warrants and 2,000,000 options in FLEX LNG

Ltd. Hansa LNG Limited is controlled by the Founders

(Philip Fjeld, Jostein Ueland and Trym Tveitnes, all

primary insiders) of FLEX LNG Ltd.