Title: Flatness is a False Friend. Abstract: Hessian based measures of flatness, such as the trace, Frobenius and spectral norms, have been argued, used and shown to relate to generalisation. In this paper we demonstrate that, for feed-forward neural networks under the cross-entropy loss, low-loss solutions with large neural network weights have small Hessian based measures of flatness. This implies that solutions obtained without L2 regularisation should be less sharp than those with despite generalising worse. We show this to be true for logistic regression, multi-layer perceptrons, simple convolutional, pre-activated and wide residual networks on the MNIST and CIFAR-$100$ datasets. Furthermore, we show that adaptive optimisation algorithms using iterate averaging, on the VGG-$16$ network and CIFAR-$100$ dataset, achieve superior generalisation to SGD but are $30 \times$ sharper. These theoretical and experimental results further advocate the need to use flatness in conjunction with the weights scale to measure generalisation \citep{neyshabur2017exploring,dziugaite2017computing}. 