SFL - Successful Placement of Five Year Senior Unsecured Bonds

SFL Corporation Ltd. (NYSE: SFL) (the "Company" or "SFL") today successfully placed NOK 750 million senior unsecured bonds due September 25, 2029. The bonds will pay a quarterly coupon of the 3 month Norwegian Interbank Offered Rate (NIBOR) + 3.25 % per annum.

Net proceeds from the bond issuance will intendedly be applied against the call of the net outstanding amount of the Company’s existing NOK 600 million senior unsecured bonds maturing in January 2025, with ISIN NO0010872997 (the "Existing Bonds"), at the prevailing call price, and general corporate purposes.

Arctic Securities, DNB Markets and SEB acted as Joint Bookrunners in the placement of the bond offering. Fearnley Securities and Pareto Securities acted as co-managers.

SFL further announces that it has notified Nordic Trustee AS that it is exercising the call option to redeem all outstanding Existing Bonds.

Reference is made to the attached notice from Nordic Trustee AS for further information about the exercised call option.

September 11, 2024

The Board of Directors
SFL Corporation Ltd.
Hamilton, Bermuda

Investor and Analyst Contacts:
Aksel Olesen, Chief Financial Officer, SFL Management AS
[phone]
André Reppen, Chief Treasurer & Senior Vice President, SFL Management AS
[phone]
Marius Furuly, Senior Vice President - Energy, SFL Management AS
[phone]

Media Contact:
Ole B. Hjertaker, Chief Executive Officer, SFL Management AS [phone]

About SFL
SFL has a unique track record in the maritime industry and has paid dividends every quarter since its initial listing on the New York Stock Exchange in 2004. The Company's fleet of vessels is comprised of tanker vessels, bulkers, container vessels, car carriers and offshore drilling rigs. SFL's long term distribution capacity is supported by a portfolio of long term charters and significant growth in the asset base over time. More information can be found on the Company's website: www.sflcorp.com.

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 SFL management's examination of historical operating trends, data contained in the Company's records and other data available from third parties. Although SFL 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, SFL cannot give assurance that it will achieve or accomplish these expectations, beliefs or intentions.