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Hamilton, Bermuda - October 5, 2026 SFL Corporation Ltd. (NYSE: SFL) ("SFL" or the "Company") today announced that it has agreed to build two 93,000 cbm Very Large Ammonia Carriers. The vessels will be able to carry a wide range of petrochemical gases, and will have dual-fuel propulsion and the latest technology for fuel efficiency and cargo intake optimization. Delivery is scheduled from the second quarter of 2028 and the aggregate yard construction cost is expected to be approximately $216 million. Concurrently, the Company has agreed long term time charters to an oil major, adding a minimum of approximately $162 million to its fixed rate charter backlog. The duration of the initial charter period will be determined within the next six months, and the backlog may increase at that point. The charterer will also have options to extend the time charters by up to 4 years. Ole B. Hjertaker, CEO of SFL Management AS, said in a comment: "The gas carrier project marks another accretive milestone investment for SFL, adding assets in a new segment. The charterer is a European based investment grade oil major, underlining SFL's standing as a high-quality provider of maritime logistics assets. Including acquisitions and charter extensions announced so far this year, we have added more than $1.3 billion to our fixed rate charter backlog in 2026." 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. SFL Corporation Ltd. press release 
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