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Safe Bulkers, Inc. Announces its Participation at the 6th Annual Capital Link Invest in International Shipping Forum in New York City

News Release Safe Bulkers, Inc. March 16, 2012
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<P align=left>Athens, Greece, </B></FONT><FONT face="Times New Roman">March 16,
2012 </FONT><B><FONT face="Times New Roman">&#8212; </B></FONT><FONT
face="Times New Roman">Safe Bulkers, Inc. (the &#8220;Company&#8221;) (NYSE: SB), an</P>
<P align=left>international provider of marine drybulk transportation services,
announced the Company&#8217;s</P>
<P align=left>management will participate at the 6th Annual Capital Link Invest
in International Shipping</P>
<P align=left>Forum in New York City on Monday, March 19, 2012.</P>
<P align=left>A PDF version of the slide presentation used at the forum will be
available on the Company&#8217;s</P>
<P align=left>website at </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">.</P></FONT></FONT></DIV></BODY></HTML>