News Release

News Release Excel Maritime Carriers, Ltd. February 23, 2011

Earnings Release: Monday, February 28, 2011, After the Market Closes
Conference Call and Webcast: Tuesday, March 1, 2011, at 10:30 A.M. EST
ATHENS, GREECE – February 23, 2011 – Excel Maritime Carriers Ltd (NYSE: EXM), an
owner and operator of dry bulk carriers and a provider of worldwide seaborne transportation
services for dry bulk cargoes, announced today that it will release its results for the fourth quarter
and year ended December 31, 2010 after the market closes on Monday, February 28, 2011.
On the next day, Tuesday, March 1, 2011 at 10:30 A.M. EST, the company’s management will
host a conference call to discuss the results.
Conference Call details:
Participants should dial into the call 10 minutes before the scheduled time using the following
numbers: 1 866 819 7111 (US Toll Free Dial In), 0800 953 0329 (UK Toll Free Dial In) or +44
(0)1452 542 301 (Standard International Dial In). Please quote “Excel Maritime” to the
operator.
A telephonic replay of the conference call will be available until March 8, 2011 by dialing 1 866
247 4222 (US Toll Free Dial In), 0800 953 1533 (UK Toll Free Dial In) or +44 (0)1452 550 000
(Standard International Dial In). Access Code: 1838801#
Slides and audio webcast:
There will also be a live, and then archived, webcast of the conference call, available through
Excel Maritime Carriers’ website (www.excelmaritime.com). Participants for the live webcast
should register on the website approximately 10 minutes prior to the start of the webcast.
About Excel Maritime Carriers Ltd
Excel is an owner and operator of dry bulk carriers and a provider of worldwide seaborne
transportation services for dry bulk cargoes, such as iron ore, coal and grains, as well as bauxite,
fertilizers and steel products. Excel owns a fleet of 42 vessels, among which one Capesize vessel
is through a majority joint venture and, together with 7 Panamax vessels under bareboat charters,
operates 49 vessels (7 Capesize, 14 Kamsarmax, 21 Panamax, 2 Supramax and 5 Handymax
vessels) with a total carrying capacity of over 4.2 million DWT. Excel Class A common shares
have been listed since September 15, 2005 on the New York Stock Exchange (NYSE) under the
symbol EXM and, prior to that date, were listed on the American Stock Exchange (AMEX) since
1998. For more information about the Company, please go to our corporate website
www.excelmaritime.com.