Global Ship Lease, 8.75% Cumulative Perpetual Preferred Series B

Ticker: GSL-B

Parent Ticker: GSL

OTC Grey Market Temporary Ticker: NA

Issuance Date: 08/13/2014

1st Call Date: 08/20/2019

Maturity Date: None

Shares Issued: 1,400,000

Overallotment Shares: 210,000

Coupon: 8.75%

Face Value: $25.00

Cumulative: Yes

Qualified: Yes

Quarterly Dividend Amount: 0.546

Ex-Dividend Months: MAR, JUN, SEP, DEC

Approx. Ex-Dividend Day: 20

Payment Months: JAN, APR, JUL, OCT

Payment Day: 1

S&P Rating: NR

III Rating: D

Moody Rating: NR