SFL – Invitation to Presentation of 1Q 2010 Results

Ship Finance International Limited (“Ship Finance”) (NYSE: SFL) plans to release its financial results for first quarter 2010 on Thursday May 20, 2010.


The Company plans to host a conference call and a webcast for all shareholders and interested parties on Thursday May 20, 2010 at 10:30 AM (EST) / 4:30 PM (Central European Time). Relevant material will be available from the Investor Relations section at Hwww.shipfinance.orgH as of the same day.


In order to listen to the presentation you may do one of the following:


a. Webcast

Go to the Investor Relations section at Hwww.shipfinance.orgH 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. Conference Call

Participants dial in numbers:

US Toll Free # 1-866-239-0753
International Dial In #    +44 207 138 0826
Norwegian Toll Free # 800 19639
Conference ID: 3733945



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.


A replay of the conference call will be available until May 27, 2010, Midnight by dialing:

US Toll Free # 1-866-932-5017
International Dial In #    +44 (0)20 7111 1244
The replay access code is: 3733945#




Contact Persons:

Ole B. Hjertaker: Chief Executive Officer, Ship Finance Management AS

+47 2311 4011 / +47 9014 1243


Magnus T. Valeberg: Vice President, Ship Finance Management AS

+47 2311 4012 / +47 9344 0960





About Ship Finance


Ship Finance is a major ship owning company listed on the New York Stock Exchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 68 vessels, including 31 crude oil tankers (VLCC and Suezmax), two chemical tankers, eight oil/bulk/ore vessels, eight dry-bulk carrier, nine container vessels, six offshore supply vessels, one jack-up drilling rigs and three ultra-deepwater drilling units. The fleet is one of the largest in the world and most of the vessels are employed on long-term charters. The Company has declared a cash dividend for 24 consecutive quarters.


More information can be found on the Company’s website: www.shipfinance.org




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 world wide 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.