Flex LNG will acquire naval means for the field of the GNL of the Exmar and the Geveran Trading



the Flex Londoner LNG, that it is quoted to the Stock exchange of Oslo, will acquire naval means for the field of the which liquified natural gas of the Exmar Belgian and the Cypriot Geveran Trading Co., society that is under responsibility of the family of the Norwegian shipowner John Fredriksen. In exchange Exmar and Geveran they will receive actions of the Flex new issue LNG.

To Flex LNG will pass six ships for natural the gas transport which liquified, of which four currently under construction, five Floating Storage and Regasification Unit (FSRU), of which currently under construction, two Floating Liquefaction Unit (FLNG) currently under construction let alone Time contracts charter for a total period 80-year-old and five relative agreements of exclusive right to the FLNG and four relative agreements of exclusive right to the FSRU.

the transaction previews that Exmar transfers own assets in this segment to the Flex LNG, operation that will be realized by this last one acquiring 100% of the capital of the Exmar Energy Hong Kong, branch of the Exmar, approximately in exchange for 323,7 million actions of new issue of the Flex LNG. Exmar Energy Hong Kong stops 50% of the property in two ships to metaniere currently in activity and of five FSRU, of which under construction, and the entire property of two FLNG currently under construction.

Moreover Geveran, through its associates, will currently under construction transfer two ships GNL to the Flex LNG approximately in exchange for 49,6 million actions of new issue of the society. The acquisition will be completed with the acquisition from Flex LNG of the totality of the appropriate actions of the Special Purpose Vehicle (SPV).

To conclusion of the transaction 323,7 million the actions of the Flex LNG in the hands of the Exmar will be equivalent to 64.6% of the society in terms of share quota and ballots, while the 153,7 million one sets in action altogether stopped from Geveran will be equivalent to 30.7% in terms of actions and ballots.

the parts have specified that to conclusion of the transaction enterprise value of Flex the LNG it will be of approximately 2,3 billion dollars and equity value of approximately 823,3 million dollars and that with the operation will be constituted one of the greatest independent operators than floating infrastructures for the GNL of the market.