Stocks that Float: TANKERS & DRY BULK SHIPPERS

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SFL $28.99 - Dividend Reinvestment and Direct Stock Purchase Plan
Friday April 18, 4:11 am ET

HAMILTON, BERMUDA--(MARKET WIRE)--Apr 18, 2008 --
Press release from Ship Finance International Limited April 18, 2008

Ship Finance International Limited (NYSE:SFL - News) ("Ship Finance" or the "Company") is pleased to announce that the Company has filed a registration statement on Form F-3 relating to a Dividend Reinvestment and Direct Stock Purchase Plan ("DRIP/DSPP" or the "Plan").

The Plan will be available to individual investors who wish to reinvest cash dividends in additional shares of common stock and/or to purchase the Company's common stock. The plan is available to new and current stockholders of record in the U.S.

Plan highlights:


* If you are an existing shareholder, you may purchase
additional common shares by reinvesting all or a portion of the
dividends paid on your common shares.

* If you are an existing shareholder, you may make optional
cash investments of not less than $100 each and up to a maximum of
$10,000 per month. In some instances, we may permit optional cash
investments in excess of this maximum.

* If you are a new investor, you may join the Plan by making
an initial investment of not less than $250 and up to a maximum of
$10,000. In some instances, we may permit initial investments in
excess of this maximum.

* As a participant in the Plan, you may authorize electronic
deductions from your bank account for optional cash investments.

The offering is being made only by means of a prospectus. A prospectus related to the offering has been filed with the Securities and Exchange Commission and declared effective on April 15, 2008.

Mellon Bank, N.A will be the Plan Administrator, and copies of the prospectus may be obtained from Mellon Bank, N.A. at BNY Mellon Shareowner Services, c/o Mellon Investor Services, P.O. Box 358035, Pittsburgh, PA 15252-8035, telephone: [phone] if you are in the United States or Canada, [phone] if you are outside the United States or Canada, or [phone] for the hearing impaired (TDD).

More information about the Plan can be found through the Company's website at http://www.shipfinance.no/IR/DRIP_DSPP.shtml. If you have further questions regarding the Plan, please contact BNY Mellon Shareholder Services for assistance.

The prospectus is can also be downloaded from the link below.



April 18, 2008
The Board of Directors
Ship Finance International Limited
Hamilton, Bermuda

Contact Persons:
Lars Solbakken: Chief Executive Officer, Ship Finance Management AS
[phone] / [phone]

Ole B. Hjertaker: Chief Financial Officer, Ship Finance Management AS
[phone] / [phone]

About Ship Finance

Ship Finance is a major ship owning company listed on the New York Stock Exchange (NYSE:SFL - News). 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