Ship Finance International Limited (NYSE: SFL) - Earnings Release

(Ship Finance = John Fredriksen)

Reports preliminary second quarter 2014 results and quarterly dividend of $0.41 per share

Hamilton, Bermuda, August 28, 2014. Ship Finance International Limited ("Ship Finance" or the "Company") today announced its preliminary financial results for the quarter ended June 30, 2014.

Highlights

Second quarter dividend of $0.41 per share

$1.8 million accumulated in cash sweep from Frontline

Increased charter rate on the drilling rig West Linus following commencement of sub-charter

Delivery of two 82,000 dwt dry-bulk carriers in combination with long-term charters

Agreement to sell three older VLCCs

Selected key financial data:

• more here:

Home – SFL

(www.shipfinance.org)

SFL - 2nd Quarter 2014 Presentation:

http://hugin.info/134876/R/1851830/647028.pdf