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11/10-2018 08:08:04: (FLNG) FLEX LNG LTD. - DISCLOSURE OF TRADE

Reference is made to the stock exchange release by FLEX LNG Ltd. (OSE: FLNG)
(the "Company") on 11 October 2018 regarding the private placement (the "Private
Placement") of 172,938,947 new shares in the Company, raising gross proceeds of
the NOK equivalent of USD 300 million, corresponding to approximately NOK 2,464
million based on a currency exchange rate of USD/NOK 8.21).

Geveran Trading Co. Ltd. ("Geveran") a company indirectly controlled by trusts
established by Mr John Fredriksen for the benefit of his immediate family, was
allocated 57,646,316 shares in the Private Placement at a subscription price of
NOK 14.25 per share. Following completion of the Private Placement, Geveran will
own 241,338,119 shares in the Company, equalling approximately 44.6 per cent of
the Company's common shares and votes. In addition, Geveran is party to Total
Return Swap ("TRS") agreements with underlying exposure to 8,250,000 shares in
the Company. Expiry date for the TRS agreements is 6 December 2018, and the TRS
price is NOK 12.21 per share.

This disclosure is made pursuant to section 4-2 of the Norwegian Securities
Trading Act.

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