Sale of an offshore supply vessel

Ship Finance International Limited, today announced the agreement to sell the offshore supply vessel Sea Trout to Deep Sea Supply Plc..

Reference is made to press releases of August 10, 2007 and November 7, 2007 regarding the acquisition of 5+2 offshore supply vessels from Deep Sea in combination with long-term charters back. As part of the agreement, Deep Sea was given the option to re-purchase one of the vessels prior to the first agreed purchase option date.