Flex LNG - - notification of allotment of shares

This is to inform that Mr. Scott Pearl, a board

member of FLEX LNG Ltd, has been allotted 17,412

ordinary shares to be issued by Flex LNG Ltd as part

of his remuneration for the first half of 2010. The

shares constitute a total remuneration of USD 12,500,

based on a price per share of NOK 4.4846 for the

first half of 2010. The price per share is calculated

on the basis of the volume weighted average trading

price of the Company's shares over a period of ten

consecutive trading days ending on the day of the

remuneration settlement, being 21 July 2010.

After the issue of these shares, Mr. Pearl will have

a holding of 467,083 shares in the Company,

representing approximately 0.41% of the total shares

outstanding.

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