Costamare Announces New Acquisition and New Chartering Arrangements

Costamare

announced today that it has agreed to purchase the 1997-built container vessel Messini (ex. Pembroke) and to charter the vessel for a period of approximately 18 months. The Company has also agreed to charter the existing vessel Konstantina. In particular, the Company has agreed the following: (a) To purchase the 1997-built, 2,458 TEU container vessel Messini (ex. Pembroke) for $6.8million. The vessel was delivered on August 2, 2012. The acquisition has been entirely financed with equity. The Company also agreed to charter the vessel with Evergreen for a period of approximately 18 months at a daily rate of $8,100. The vessel is expected to be delivered to her charterers by September 23, 2012. (b) To charter the 1992-built, 3,351 TEU container vessel Konstantina with Evergreen for a period of approximately one year at a daily rate of $ 7,550. The vessel is expected to be delivered to her charterers in October 2012.