Ship Finance International Limited — Tax Treatment For 2005 Dividends

HAMILTON, Bermuda, March 21, 2006 (PRIMEZONE) — Ship Finance has posted a memo related to each cash dividend done in 2005.

To access use the following link:

http://www.shipfinance.bm/IR/tax_treatment.shtml

CONTACT:  Ship Finance International Ltd.
          Tel: +1 441 295 6935
          Fax: +1 441 295 3494
          http://www.shipfinance.bm/