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Diana Shipping Inc. 8.500% Senior Notes due 2020

Redeemed 10/29/2018

Ticker: DSXN

Parent Ticker: DSX

OTC Grey Market Temporary Ticker: NA

Issuance Date: 05/20/2015

1st Call Date: 05/15/2017

Maturity Date: 05/15/2020

Shares Issued: 2,200,000

Overallotment Shares: 0

Coupon: 8.500%

Face Value: $25.00

Cumulative: No

Qualified: No

Quarterly Dividend Amount: 0.5313

Payment Months: FEB, MAY, AUG, NOV

Payment Day: 15

S&P Rating: NR

III Rating (In Regards to Dividend Safety Only): C

Moody Rating: NR

Fitch Rating: NR