Euroseas Ltd. Sets Date for the Release of Second Quarter 2012 Results, Conference Call and Webcast

News Release Euroseas Ltd. August 6, 2012

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<DIV>08/2/12 Maroussi, Athens,
Greece - August 2, 2012 - Euroseas Ltd., (NASDAQ:ESEA) an owner and operator of
drybulk carriers and container vessels and provider of seaborne transportation
for dry bulk and containerized cargoes, announced today that it will release its
financial results for the second quarter and six months ended June 30, 2012, on
Wednesday, August 08, 2012, after the market closes in New York. The following
day, Thursday, August 09, 2012, at 9:30 am EDT, the Company's management will
host a conference call and webcast 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 (from the US),
0(800) 953-0329 (from the UK) or (+44) (0) 1452 542 301 (from outside the US).
Please quote "Euroseas." A replay of the conference call will be
available until August 16, 2012. The United States replay number is 1(866)
247-4222; from the UK 0(800) 953-1533; the standard international replay number
is (+44) (0) 1452 550 000 and the access code required for the replay is:
6973591#. Audio Webcast - Slides Presentation: There will be a
live and then archived audio webcast of the conference call, via the internet
through the Euroseas website (www.euroseas.gr). Participants to the live webcast
should register on the website approximately 10 minutes prior to the start of
the webcast. The slide presentation on the second quarter and six month
results for the period ended June 30, 2012 will also be available in PDF format
30 minutes prior to the conference call and webcast accessible on the company's
website (www.euroseas.gr) on the webcast page. Participants to the webcast can
download the PDF presentation. About Euroseas Ltd. Euroseas Ltd.
was formed on May 5, 2005 under the laws of the Republic of the Marshall Islands
to consolidate the ship owning interests of the Pittas family of Athens, Greece,
which has been in the shipping business over the past 140 years. Euroseas trades
on the NASDAQ Global Select Market under the ticker "ESEA." Euroseas
operates in the dry cargo, drybulk and container shipping markets. Euroseas'
operations are managed by Eurobulk Ltd., an ISO 9001:2008 certified affiliated
ship management company, which is responsible for the day-to-day commercial and
technical management and operations of the vessels. Euroseas employs its vessels
on spot and period charters and through pool arrangements. The Company
has a fleet of 15 vessels, including 4 Panamax drybulk carriers and 1 Handymax
drybulk carrier, 3 Intermediate containerships, 4 Handysize containerships, 2
Feeder containerships and a multipurpose dry cargo vessel. Euroseas` 5 drybulk
carriers have a total cargo capacity of 331,808 dwt, its 9 containerships have a
cargo capacity of 15,855 teu and its multipurpose vessel has a cargo capacity of
22,568 dwt or 950 teu. Forward Looking Statement This press
release contains forward-looking statements (as defined in Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended) concerning future events and the Company's growth
strategy and measures to implement such strategy; including our expected joint
venture and vessel acquisitions and time charters. Words such as "expects,"
"intends," "plans," "believes," "anticipates," "hopes," "estimates," and
variations of such words and similar expressions are intended to identify
forward-looking statements. Although the Company believes that the expectations
reflected in such forward-looking statements are reasonable, no assurance can be
given that such expectations will prove to have been correct. These statements
involve known and unknown risks and are based upon a number of assumptions and
estimates that are inherently subject to significant uncertainties and
contingencies, many of which are beyond the control of the Company. Actual
results may differ materially from those expressed or implied by such
forward-looking statements. Factors that could cause actual results to differ
materially include, but are not limited to changes in the demand for drybulk
vessels and containerships, competitive factors in the market in which the
Company operates; risks associated with operations outside the United States;
and other factors listed from time to time in the Company's filings with the
Securities and Exchange Commission. The Company expressly disclaims any
obligations or undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change in the
Company's expectations with respect thereto or any change in events, conditions
or circumstances on which any statement is based. Visit our website
www.euroseas.gr Company Contact Tasos Aslidis Chief Financial
Officer Euroseas Ltd. 11 Canterbury Lane, Watchung, NJ 07069 Tel.
(908) 301-9091 E-mail: aha@euroseas.gr Investor Relations / Financial
Media Nicolas Bornozis President Capital Link, Inc. 230 Park
Avenue, Suite 1536 New York, NY 10169 Tel. (212) 661-7566 E-mail:
euroseas@capitallink.com </DIV></BODY></HTML>