News Release

News Release Safe Bulkers, Inc. March 1, 2012

Athens, Greece – March 1, 2012 -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an
international provider of marine drybulk transportation services, announced today that it
has filed its 2011 Annual Report on Form 20-F with the U.S. Securities and Exchange
Commission (the “SEC”).
The 2011 Annual Report on Form 20-F is available by link through the Company’s
website, www.safebulkers.com, under Investor Relations > SEC Filings. Alternatively,
shareholders may also receive a hard copy of the 2011 Annual Report on Form 20-F, free
of charge, by request to Capital Link, using the contact details provided at the end of this
press release.