Flex LNG - notification of allotment of shares

This is to inform that Mr. Scott Pearl, a board
member of FLEX LNG Ltd, has today been allotted
11,593 ordinary shares to be issued by Flex LNG Ltd
as part of his remuneration for the second half of
2009, in addition to 10,081 shares previously
allotted for the first half of 2009. The shares
constitute a total remuneration of USD 25,000, based
on a price per share of NOK 7.54 for the first half
of 2009 and NOK 6.14 for the second half of 2009. 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 settlement,
being 19 August 2009 and 5 January 2010.

After the issue of these shares, Mr. Pearl will have
a holding of 449,671 shares in the Company,
representing approximately 0.4% of the total shares
outstanding.