Costamare Inc. Announces Pricing of its Public Offering of Common Stock
News Release
Costamare Inc.
March 24, 2012
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<BODY>ATHENS, GREECE - March 22, 2012 - Costamare Inc. (the "Company") (NYSE:
CMRE) announced today that its offering of 7,500,000 shares of its common stock
was priced at $14.10 per share. The gross proceeds from the offering before the
underwriting discount and other offering expenses are expected to be
approximately $105,750,000. Members of the Konstantakopoulos family, who in the
aggregate own a majority of the common stock of the Company, have agreed to
purchase 750,000 shares in the offering. The Company has also granted the
underwriters a 30-day option to purchase up to an additional 1,125,000 shares of
its common stock. <BR clear=all><BR clear=all>The Company plans to use the net
proceeds of the offering for capital expenditures, including vessel
acquisitions, and for other general corporate purposes, which may include
repayments of indebtedness. <BR clear=all><BR clear=all>Morgan Stanley and BofA
Merrill Lynch are acting as joint book-running managers of the offering, which
is being made under an effective shelf registration statement. <BR clear=all><BR
clear=all>The offering is expected to close on or about March 27, 2012. <BR
clear=all><BR clear=all>The offering is being made only by means of a prospectus
supplement and accompanying base prospectus. A preliminary prospectus supplement
and accompanying base prospectus relating to the offering has been filed with
the Securities and Exchange Commission ("SEC") and is available at the SEC's
website at http://www.sec.gov. When available, the final prospectus supplement
and accompanying base prospectus relating to the offering may be obtained from
Morgan Stanley, 180 Varick Street, 2nd Floor, New York, NY 10014, Attn:
Prospectus Department, email: prospectus@morganstanley.com or BofA Merrill
Lynch, 4 World Financial Center, New York, NY 10080, Attn: Prospectus
Department, email: dg.prospectus_requests@baml.com. <BR clear=all><BR
clear=all>This release does not constitute an offer to sell, or the solicitation
of an offer to buy, nor shall there be any sale of these securities in any
jurisdiction in which such offer, solicitation, or sale would be unlawful prior
to registration or qualification under the securities laws of any such
jurisdiction. <BR clear=all><BR clear=all>
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<BODY>ATHENS, GREECE - March 22, 2012 - Costamare Inc. (the "Company") (NYSE:
CMRE) announced today that its offering of 7,500,000 shares of its common stock
was priced at $14.10 per share. The gross proceeds from the offering before the
underwriting discount and other offering expenses are expected to be
approximately $105,750,000. Members of the Konstantakopoulos family, who in the
aggregate own a majority of the common stock of the Company, have agreed to
purchase 750,000 shares in the offering. The Company has also granted the
underwriters a 30-day option to purchase up to an additional 1,125,000 shares of
its common stock. <BR clear=all><BR clear=all>The Company plans to use the net
proceeds of the offering for capital expenditures, including vessel
acquisitions, and for other general corporate purposes, which may include
repayments of indebtedness. <BR clear=all><BR clear=all>Morgan Stanley and BofA
Merrill Lynch are acting as joint book-running managers of the offering, which
is being made under an effective shelf registration statement. <BR clear=all><BR
clear=all>The offering is expected to close on or about March 27, 2012. <BR
clear=all><BR clear=all>The offering is being made only by means of a prospectus
supplement and accompanying base prospectus. A preliminary prospectus supplement
and accompanying base prospectus relating to the offering has been filed with
the Securities and Exchange Commission ("SEC") and is available at the SEC's
website at http://www.sec.gov. When available, the final prospectus supplement
and accompanying base prospectus relating to the offering may be obtained from
Morgan Stanley, 180 Varick Street, 2nd Floor, New York, NY 10014, Attn:
Prospectus Department, email: prospectus@morganstanley.com or BofA Merrill
Lynch, 4 World Financial Center, New York, NY 10080, Attn: Prospectus
Department, email: dg.prospectus_requests@baml.com. <BR clear=all><BR
clear=all>This release does not constitute an offer to sell, or the solicitation
of an offer to buy, nor shall there be any sale of these securities in any
jurisdiction in which such offer, solicitation, or sale would be unlawful prior
to registration or qualification under the securities laws of any such
jurisdiction. <BR clear=all><BR clear=all>
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