Safe Bulkers, Inc. Sets Date for Second Quarter 2010 Results, Dividend Announcement, Conference Call and Webcast
News Release
Safe Bulkers, Inc.
July 16, 2010
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<DIV><B><FONT face="Times New Roman">
<P align=left>Athens, Greece - July 16, 2010 </B></FONT><FONT
face="Times New Roman">-- Safe Bulkers, Inc. (the Company) (NYSE: SB), an</P>
<P align=left>international provider of marine drybulk transportation services,
announced today that it</P>
<P align=left>will release its results for the quarter ended June 30, 2010 after
the market closes in New</P>
<P align=left>York on Tuesday, July 27, 2010. The Company also expects to
announce the declaration</P>
<P align=left>of a dividend for the second quarter 2010 at that time.</P>
<P align=left>On Wednesday, July 28, 2010 at 9</FONT><FONT
face="Times New Roman">:00 A.M. EDT, the Company’s </FONT><FONT
face="Times New Roman">management team will</P>
<P align=left>host a conference call to discuss the financial
results.</P></FONT><B><FONT face="Times New Roman">
<P align=left>Conference Call details:</P></B></FONT><FONT
face="Times New Roman">
<P align=left>Participants should dial into the call 10 minutes before the
scheduled time using the</P>
<P align=left>following numbers: 1 (866) 819-7111 (US Toll Free Dial In), 0(800)
953-0329 (UK Toll</P>
<P align=left>Free Dial In) or +44 (0)1452-542-301 (Standard International Dial
In). Please quote</P></FONT><FONT face="Times New Roman">
<P align=left>“Safe Bulkers” to the operator.</P></FONT><FONT
face="Times New Roman">
<P align=left>A telephonic replay of the conference call will be available until
August 4, 2010 by</P>
<P align=left>dialing 1 (866) 247-4222 (US Toll Free Dial In), 0(800) 953-1533
(UK Toll Free Dial</P>
<P align=left>In) or +44 (0)1452 550-000 (Standard International Dial In).
Access Code: 1859591#</P></FONT><B><FONT face="Times New Roman">
<P align=left>Slides and audio webcast:</P></B></FONT><FONT
face="Times New Roman">
<P align=left>There will also be a live, and then archived, webcast of the
conference call, available</P>
<P align=left>through </FONT><FONT face="Times New Roman">the Company’s
</FONT><FONT face="Times New Roman">website (</FONT><FONT color=#0000ff
face="Times New Roman"><FONT color=#0000ff
face="Times New Roman">www.safebulkers.com</FONT></FONT><FONT
face="Times New Roman">). Participants to the live webcast</P>
<P>should register on the website approximately 10 minutes prior to the start of
the webcast.</P></FONT></DIV></BODY></HTML>
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<DIV><B><FONT face="Times New Roman">
<P align=left>Athens, Greece - July 16, 2010 </B></FONT><FONT
face="Times New Roman">-- Safe Bulkers, Inc. (the Company) (NYSE: SB), an</P>
<P align=left>international provider of marine drybulk transportation services,
announced today that it</P>
<P align=left>will release its results for the quarter ended June 30, 2010 after
the market closes in New</P>
<P align=left>York on Tuesday, July 27, 2010. The Company also expects to
announce the declaration</P>
<P align=left>of a dividend for the second quarter 2010 at that time.</P>
<P align=left>On Wednesday, July 28, 2010 at 9</FONT><FONT
face="Times New Roman">:00 A.M. EDT, the Company’s </FONT><FONT
face="Times New Roman">management team will</P>
<P align=left>host a conference call to discuss the financial
results.</P></FONT><B><FONT face="Times New Roman">
<P align=left>Conference Call details:</P></B></FONT><FONT
face="Times New Roman">
<P align=left>Participants should dial into the call 10 minutes before the
scheduled time using the</P>
<P align=left>following numbers: 1 (866) 819-7111 (US Toll Free Dial In), 0(800)
953-0329 (UK Toll</P>
<P align=left>Free Dial In) or +44 (0)1452-542-301 (Standard International Dial
In). Please quote</P></FONT><FONT face="Times New Roman">
<P align=left>“Safe Bulkers” to the operator.</P></FONT><FONT
face="Times New Roman">
<P align=left>A telephonic replay of the conference call will be available until
August 4, 2010 by</P>
<P align=left>dialing 1 (866) 247-4222 (US Toll Free Dial In), 0(800) 953-1533
(UK Toll Free Dial</P>
<P align=left>In) or +44 (0)1452 550-000 (Standard International Dial In).
Access Code: 1859591#</P></FONT><B><FONT face="Times New Roman">
<P align=left>Slides and audio webcast:</P></B></FONT><FONT
face="Times New Roman">
<P align=left>There will also be a live, and then archived, webcast of the
conference call, available</P>
<P align=left>through </FONT><FONT face="Times New Roman">the Company’s
</FONT><FONT face="Times New Roman">website (</FONT><FONT color=#0000ff
face="Times New Roman"><FONT color=#0000ff
face="Times New Roman">www.safebulkers.com</FONT></FONT><FONT
face="Times New Roman">). Participants to the live webcast</P>
<P>should register on the website approximately 10 minutes prior to the start of
the webcast.</P></FONT></DIV></BODY></HTML>