HAMILTON, Norway, Aug. 19, 2005 (PRIMEZONE) — SFL’s Second Quarter 2005 results will be released on Wednesday, August 24th, 2005. In connection with this a teleconference / webcast will be held as described below:

Teleconference and Webcast

A conference call will be held at 04:30 P.M. CET (Norwegian time) on Wednesday August 24th, 2005. The presentation will be available to download from the Investor Relations section at www.shipfinance.bm (go to “Presentations”) from Wednesday.

To listen you may do one of the following:
a. Webcast
Go to the Investor Relations section at www.shipfinance.bm and click
on the link to "Webcast". To listen to the conference call from the
web, you need to have installed Windows Media Player, and you need to
have a sound card on your computer.
b. Teleconference
Call at +47 22 39 18 00, or if calling from Norway, free of charge at
800 82 119. Tell the operator you wish to participate in the Ship
Finance or SFL conference call.

There will be a Q&A session after the presentation. Information on how to ask questions will be given at the beginning of the Q&A session.

Please download the presentation material from www.shipfinance.bm to view it while listening to the conference.

If you are not able to participate at the time of the call, you can either listen to a replay of the conference call on www.shipfinance.bm (Investor Relations) or listen to a playback by:

dial +47 22 76 91 21

accountno: 1267 followed by # (pound-sign) press 1 conferenceno: 267 followed by # (pound-sign) press 1 to play

Kind regards, Jonas Ytreland

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