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SFL - 2015 Annual General Meeting

HAMILTON, Bermuda, Sept. 22, 2015 (GLOBE NEWSWIRE) -- Ship Finance International Limited (the "Company") advises that the 2015 Annual General Meeting of the Shareholders of the Company was held on September 18, 2015 at 11:00 a.m. at the Elbow Beach Hotel, 60 South Shore Road, Paget PG04, Bermuda. The audited consolidated financial statements for the Company for the year ended December 31, 2014 were presented to the Meeting.

In addition, the following resolutions 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 Harald Thorstein as a Director of the Company.

5) To re-elect Bert M. Bekker as a Director of the Company.

6) To re-elect Georgina E. Sousa as a Director of the Company.

7) To re-appoint Moore Stephens, P.C. as auditors and to authorise the Directors to determine their remuneration.

8) That the remuneration payable to the Company's Board of Directors of a total amount of fees not to exceed US$800,000.00 be approved for the year ended December 31, 2015.

Hamilton, Bermuda

September 18, 2015

About Ship Finance

Ship Finance International Limited (NYSE: SFL) has an unprecedented track record in the maritime industry, being consistently profitable and paying dividends every quarter since 2004. The Company's fleet of more than 70 vessels is split between tankers, bulkers, container vessels and offshore assets, and Ship Finance's long term distribution capacity is supported by a portfolio of long term charters and significant growth in the asset base over time.

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 statements are based upon various assumptions, many of which are based, in turn, upon further assumptions, including Ship Finance management's examination of historical operating trends. Although Ship Finance believes that these assumptions were reasonable when made, because assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond its control, Ship Finance cannot give assurance that it will achieve or accomplish these expectations, beliefs or intentions. Important factors that, in the Company's view, could cause actual results to differ materially from those discussed in this presentation include the strength of world economies and currencies, general market conditions including fluctuations in charter hire rates and vessel values, changes in demand in the tanker market as a result of changes in OPEC's petroleum production levels and worldwide oil consumption and storage, changes in the Company's operating expenses including bunker prices, dry-docking and insurance costs, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, and other important factors described from time to time in the reports filed by the Company with the United States Securities and Exchange Commission.

Questions can be directed to Ship Finance Management AS:

Ole B. Hjertaker, Chief Executive Officer: +47 23114011

Andre Reppen, Senior Vice President: +47 23114055

HUG#1953643

Source:Ship Finance International Limited