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SFL - 2012 Annual General Meeting


September 24, 2012 - HAMILTON, BERMUDA

Ship Finance International Limited (the"Company") advises that the 2012 AnnualGeneral Meeting of the Company was held on September 21, 2012 at 12:00 Noonatthe Elbow Beach Hotel, 60 South Shore Road, Paget PG04, Bermuda. Thefollowingresolutions were passed:

1) To re-elect Hans Petter Aas as a Director of the Company.

2) To re-elect Paul Leand, Jr., as a Director of the Company.

3) To re-elect Kate Blankenship as a Director of the Company.

4) To re-elect Cecilie Fredriksen as a Director of the Company.

5) To elect Harald Thorstein as a Director of the Company.

6) To re-appoint Moore Stephens, P.C. as auditors and to authorise theDirectorsto determine their remuneration.

7) That the remuneration payable to the Company's Board of Directors of atotalamount of fees not to exceed US$550,000.00 be approved for the year endedDecember 31, 2012.

In addition, the audited consolidated financial statements for Ship FinanceInternational Limited for the year ended December 31, 2011 were presentedto theMeeting.

September 21, 2012

The Board of Directors

Ship Finance International Limited

Hamilton, Bermuda

About Ship Finance

Ship Finance is a major ship owning company listed on the New York StockExchange (NYSE: SFL). Including newbuildings, the Company has a fleet of 67vessels, including 25 crude oil tankers (VLCC and Suezmax), two chemicaltankers, three oil/bulk/ore vessels, 12 drybulk carriers including twonewbuildings, 15 container vessels including four newbuildings, sixoffshoresupply vessels, one jack-up drilling rig, one ultra-deepwater drillship andtwoultra-deepwater semi-submersible drilling rigs. The fleet is one of thelargestin the world and most of the vessels are employed on long-term charters.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 statementsarebased upon various assumptions, many of which are based, in turn, uponfurtherassumptions, including Ship Finance management's examination of historicaloperating trends. Although Ship Finance believes that these assumptionswerereasonable when made, because assumptions are inherently subject tosignificantuncertainties and contingencies which are difficult or impossible topredict andare beyond its control, Ship Finance cannot give assurance that it willachieveor accomplish these expectations, beliefs or intentions.Important factors that, in the Company's view, could cause actual resultstodiffer materially from those discussed in this presentation include thestrengthof world economies and currencies, general market conditions includingfluctuations in charter hire rates and vessel values, changes in demand inthetanker market as a result of changes in OPEC's petroleum production levelsandworldwide oil consumption and storage, changes in the Company's operatingexpenses including bunker prices, dry-docking and insurance costs, changesingovernmental rules and regulations or actions taken by regulatoryauthorities,potential liability from pending or future litigation, general domestic andinternational political conditions, potential disruption of shipping routesdueto accidents or political events, and other important factors describedfromtime to time in the reports filed by the Company with the United StatesSecurities and Exchange Commission.

This announcement is distributed by Thomson Reuters on behalf ofThomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Ship Finance International Limited via Thomson Reuters ONE

[HUG#1642999]

Harald Gurvin
Chief Financial Officer
Ship Finance Management AS
+47 23114009
+47 97520363

Magnus T. Valeberg
Senior Vice President
Ship Finance Management AS
+47 23114012
+47 93440960

MarketWire

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