January 21, 2008 02:50 ET


LONDON--(Marketwire - January 21, 2008) -

Golar LNG Limited ("Golar") announces that it has entered into a total return swap ("TRS" or "equity swap") with an international bank in connection with which it has acquired 169,200 of its own shares with respect to the share buyback announced on November 29, 2007. The shares were acquired at an average price of Nok 104.2 (approximately USD19).

The TRS is designed to effectively provide financing for the acquisition of Golar's shares in connection with the share buyback noted above and the TRS bank will be compensated for their carrying cost at Libor plus a margin. The swap has a term of 6 months.

After this transaction Golar holds a total of 400,000 shares in its own right together with the 169,200 shares noted above.

Golar LNG Limited
Hamilton, Bermuda.
January 18, 2007.

Golar Management (UK) Ltd +44 (0) 207 517 8600
Gary Smith, CEO
Graham Robjohns, CFO

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