SFL – Announces Call of NOK Denominated Bonds due 2017

Ship Finance International Limited (NYSE: SFL) (“Ship Finance” or the “Company”) announced today that it has exercised its call option at a price of 100.50 percent of par value with regards to the NOK 600 million senior unsecured bonds due October 2017, ISIN NO 0010661655. The settlement date will be 28 July 2017 and the bonds will be transferred to the payment agent for deletion immediately upon delivery to the Company.

June 15, 2017

The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda

Cautionary Statement Regarding Forward Looking Statements

This press release may contain forward looking statements. These statements are based upon various assumptions, many of which are based, in turn, upon further assumptions, including Ship Finance management’s examination of historical operating trends. Although Ship Finance believes that these assumptions were reasonable when made, because assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond its control, Ship Finance cannot give assurance that it will achieve or accomplish these expectations, beliefs or intentions. Important factors that, in the Company’s view, could cause actual results to differ materially from those discussed in this presentation include the strength of world economies and currencies, general market conditions including fluctuations in charter hire rates and vessel values, changes in demand in the tanker market as a result of changes in OPEC’s petroleum production levels and worldwide oil consumption and storage, changes in the Company’s operating expenses including bunker prices, dry-docking and insurance costs, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, and other important factors described from time to time in the reports filed by the Company with the United States Securities and Exchange Commission.