SOURCE: Ship Finance International Limited

May 15, 2008 05:55 ET

SFL - Invitation to Presentation of 1Q 2008 Results

HAMILTON, BERMUDA--(Marketwire - May 15, 2008) -


Ship Finance International Limited ("Ship Finance") (NYSE: SFL) plans to release its financial results for first quarter 2008 on Thursday, May 22, 2008.

The Company plans to host a conference call and a webcast for all shareholders and interested parties on Thursday, May 22, 2008 at 10:00 AM (EST) / 4:00 PM (Central European Time). Relevant material will be available from the Investor Relations section at www.shipfinance.org from Thursday.

In order to listen to the presentation you may do one of the
following:

a. Webcast
Go to the Investor Relations section at www.shipfinance.org and click
on the link to "Webcast". To listen to the conference call from the
web, you need to have installed Windows Media Player, and you need to
have a sound card on your computer.

b. Conference Call
Participants dial in numbers:
US Toll Free #                 1-888-935-4577
International Dial In #       +44 207 806 1968
Norwegian Toll Free #          800 19640

The Conference ID is: 2094366

There will be a Q&A session after the presentation. Information on
how to ask questions will be given at the beginning of the Q&A
session.

A replay of the conference call will be available until Thursday, May
29, 2008 by dialing:
US Toll Free #                        1-866-239-0765
International Dial In #               +44 207 806 1970

The replay access code is: 2094366#

About Ship Finance

Ship Finance is a major ship owning company listed on the New York Stock Exchange (NYSE: SFL). Including newbuildings and announced acquisitions/disposals, Ship Finance has a fleet consisting of 72 vessels, including 35 crude oil tankers (VLCC and Suezmax), two chemical tankers, eight oil/bulk/ore vessels, 13 container vessels, three dry bulk carriers, two jack-up drilling rigs, six offshore supply vessels and three seismic vessels. The fleet is one of the largest in the world with a total cargo capacity of more than 11 million dwt. 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 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 world wide 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.

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