SFL – Sale of the single-hull VLCC Front Vanadis

Ship Finance International Limited (NYSE:SFL) (“Ship Finance” or the “Company”), today announced that it is has agreed to sell the single-hull VLCC Front Vanadis to a subsidiary of Taiwan Maritime Transportation Co., Ltd. (“TMT” or the “Buyer”), an unrelated third party. The sale will be in the form of a hire-purchase agreement, where the vessel will be chartered to the Buyer for a 3.5 years period, with a purchase obligation at the end of the charter.