BRIEF-Ship Financing International consents to change terms with Deep Sea Supply PLC .

Ship Finance International Ltd: * DESS and BTG have actually now agreed that dess will acquire
remaining shares in DESS BTG, with settlement in shares,
warrants and some money * As part of total deal, ship financing has actually agreed to
decrease charter rates until might 2018

* Deep Sea Supply to amend financing terms, defer up to $68.
countless set up debt amortization till march 31, 2018 * Ship Finance International Ltd States consented to change terms.
of long-lasting chartering agreements with an affiliate of Deep Sea.
Supply PLC.

* Following acquisition, dess will be our charter guarantor.
moving forward.

* Dess will change financing terms to extend maturity of.
three loan centers which were originally due later this year * To reduce charter rates in exchange for extending charter.
period by 3 years and presenting a 50/50 earnings share on.
charter revenues.

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