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Monaco, Monaco – September 21, 2015 Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it has entered into a sale and leaseback agreement with a bank, regarding four existing Kamsarmax class vessels. Under this agreement, the aggregate net proceeds for the four vessels was US$92.1 million. Each vessel was leased back for a period of 10 years, on a net daily bareboat charter rate of US $6,500, with a purchase obligation at the end of the 10th year at a total price of US$50.5 million for all four vessels and purchase option after the second year of the bare boat charter, at predetermined purchase prices. This sale and leaseback transaction, following settlement of debt with past lenders, provides additional liquidity of approximately US$46.5 million. About Safe Bulkers, Inc. The Company is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along worldwide shipping routes for some of the world’s largest users of marine drybulk transportation services. The Company’s common stock, series B preferred stock, series C preferred stock and series D preferred stock are listed on the NYSE, and trade under the symbols “SB”, “SB.PR.B”, “SB.PR.C”, and “SB.PR.D” respectively. Safe Bulkers, Inc. press release 
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