September 2, 2013 Hamilton, Bermuda About Ship Finance Ship Finance is a major ship owning company listed on the New York Stock Exchange /quotes/zigman/348896/quotes/nls/sfl SFL -1.97% . Including newbuildings, the Company has a fleet of 70 vessels, including 24 crude oil tankers (VLCC and Suezmax), two chemical tankers, 12 drybulk carriers, 19 container vessels (including eight newbuildings), two car carriers, six offshore supply vessels, two jack-up drilling rigs (including one newbuilding), two ultra-deepwater semi-submersible drilling rigs and one ultra-deepwater drillship. The fleet is one of the largest in the world and most of the vessels are employed on long-term charters. More information can be found on the Company's website: www.shipfinance.org 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 Ship Finance management's examination of historical operating trends. Although Ship Finance 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, Ship Finance cannot give assurance that it will achieve or accomplish these expectations, beliefs or intentions. Important factors that, in the Company's view, could cause actual results to differ materially from those discussed in this presentation include the strength of world economies and currencies, general market conditions including fluctuations in charter hire rates and vessel values, changes in demand in the tanker market as a result of changes in OPEC's petroleum production levels and worldwide oil consumption and storage, changes in the Company's operating expenses including bunker prices, dry-docking and insurance costs, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, and other important factors described from time to time in the reports http://www.firstfinancialuk.com filed by the Company with the United States Securities and Exchange Commission. SFL - 2012 Annual Report on Form 20-F: http://hugin.info/134876/R/1726560/576160.pdf SFL - Notice of Annual General Meeting 2013: http://hugin.info/134876/R/1726560/576158.pdf This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Ship Finance International Limited via Thomson Reuters ONE [HUG#1726560] Georgina Sousa Par-la-Ville Place 14 Par-la-Ville Road Hamilton, HM 08, Bermuda Tel: +1 (441)295-9500 Fax: +1(441)295-3494 SOURCE: Ship Finance International Limited (C) 2013 Marketwire L.P. All rights reserved.
The Finance Department then observed that under Section 11(2) of the Punjab Office of the Ombudsman Act 1997, they could not comply with the directions as the matter lay outside of his purview. The department further observed that under Section 9(1) (a) of the law, the ombudsman could not investigate any issue that was being heard in a court of competent jurisdiction. The matter, it said, was before the Supreme Court of Pakistan after it granted leave to appeal for reconsideration in the light of the Punjab governments stance. The department said that the ombudsman was barred from inquiring into any matter pertaining to the terms and conditions of services. As the issue of pensions fell in that domain, it fell outside the ombudsmans jurisdiction. Such matters were exclusively dealt with by the Punjab Services Tribunal.
Finally, the Finance Minister has probably antagonized the one group every public office holder should avoid at all costs. University dons are not only articulate, they are the most vocal group in the country and the most influential opinion molders. Henceforth, they will cease every opportunity to cut her down to size. This episode, however it ends, has once again raised the possibility that Ngozi Okonjo-Iweala might not be around much longer. She was recruited to build confidence in the governments economic policy team. Starting with her staunch defence of the subsidy removal, based on falsified data, she had stumbled from one controversy to another. Instead of offering solutions, she is increasingly perceived as part of the problem.