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Monaco - September 11, 2026 Safe Bulkers, Inc. (the "Company") (NYSE/Euronext Athens: SB), an international provider of marine drybulk transportation services announced today that as of Monday, September 14, 2026, trading will commence on the Main Market of the Regulated Securities of Euronext Athens of 12,000,000 new shares of common stock (the "New Shares"), issued pursuant to a private placement through an accelerated bookbuilding process, as resolved by the Board of Directors of the Company (the "Private Placement"). On September 11, 2026, Euronext Athens approved the admission to listing of the New Shares on the Main Market of the Regulated Securities Market of Euronext Athens. Following the Private Placement, the Company's issued capital of common stock consists of 113,833,473 shares of common stock with a nominal value of $0.001 each. The New Shares will have been credited to the securities accounts of the beneficiaries prior to the commencement date of their trading. No prospectus was required for the admission of the New Shares to trading, in accordance with the exemption under Article 1(5)(a) of Regulation (EU) 2017/1129. Piraeus Bank S.A., DNB Carnegie, part of DNB Bank ASA, and Fearnley Securities AS acted as Joint Global Coordinators and Joint Bookrunners in the Private Placement. Milbank LLP acted as the Company's legal adviser, and Potamitis Vekris Law Firm and Advokatfirmaet BAHR AS acted as the legal advisers of the Joint Global Coordinators and Joint Bookrunners. 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 is dual-listed on the NYSE and Euronext Athens, trading under the symbol "SB". The Company's Series C and Series D preferred shares are listed on the NYSE under the symbols "SB.PR.C" and "SB.PR.D", respectively. Safe Bulkers, Inc. press release 
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