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Hamilton, Bermuda - 14.03.2022 SFL Corporation Ltd. (NYSE: SFL) (“SFL” or the “Company”) announced today that it has agreed to charter out six 14,000 TEU container vessels to Hapag-Lloyd AG for a fixed period of five years, following the expiry of the vessels’ existing charters to another container line in 2023-2024. The vessels will then have charter coverage until 2028-2029 at firm rates, reflecting the current strong container market. The new time charter contracts will add approximately $540 million to SFL’s fixed rate charter backlog, increasing the backlog to $3.8 billion. Ole B. Hjertaker, CEO of SFL Management AS, said in a comment: «We are excited to build a long term relationship with Hapag-Lloyd, who is the world’s fifth largest container line. This transaction also highlights the value and importance of our strong operational platform and our time charter strategy, enabling us to build strong customer relationships with industry leading counterparties. We have now added more than $1 billion to our charter backlog during the first quarter of 2022 which gives us strong earnings visibility and long term distribution capacity going forward.» 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 split between container vessels, bulkers, tankers 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 SFL Corporation Ltd. press release 
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