Ship Finance International Limited has through market purchases executed 22 November 2004 bought back 74,300 of the Company’s common shares. The shares have been bought back at a price of USD 23.18.
Total number of outstanding shares after this is 75,196,327. The shares have been acquired in accordance with a Board authorization, announced on 19 November 2004, to buy back shares. Including the mentioned transaction 329,500 shares has been acquired within a total of 2,000,000 authorized.
Hamilton, Bermuda
23 November, 2004