SFL – Appointment of Chief Financial Officer

Ship Finance International Limited (“Ship Finance” or the “Company”) has employed Ole B. Hjertaker as the Chief Financial Officer (“CFO”) for Ship Finance Management AS. Mr. Hjertaker is 39 years old and is currently employed by DnB NOR Markets as a director in the Corporate Finance division. DnB NOR is one of the world’s leading shipping and offshore banks.
Mr. Hjertaker has 12 years corporate and investment banking experience, mainly within the Maritime/Transportation industries. He has a master of science degree from the Norwegian School of Economics and Business Administration.
Mr. Hjertaker is expected to take up his position with Ship Finance Management AS during the fourth quarter of 2006.
Chairman in Ship Finance Tor Olav Trøim said in a comment: “We are very pleased to have recruited Mr. Hjertaker to become the new CFO. His broad international background as a senior investment banker and his very good reputation in the capital market secures our Company a very competent and professional CFO.”
Ship Finance International Limited
September 5, 2006
Hamilton, Bermuda