Ship Finance International Limited – Mandatory notification of trade

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