Company Update

Road Town, Tortola, 3 July 2013. FLEX LNG (Oslo

Axess: FLNG) would like to provide shareholders with

a brief update regarding the ongoing dispute with

Samsung Heavy Industries ("SHI").







Commercial settlement discussions have resumed with

SHI. It is too early to say whether these

negotiations will result in an acceptable outcome for

the company and its shareholders and FLEX LNG will

update the market if these discussions develop

further.







In parallel, and as previously announced, FLEX LNG

has commenced arbitral proceedings against SHI to

secure the repayment of funds, after giving credit

for cost properly and reasonably incurred by SHI on

FLEX LNG's behalf. These proceedings are moving

forward as expected.