Global Ship Lease Secures Additional Time Charter With Sea Consortium / X-Press Feeders

Global Ship Lease, Inc. GSL (the "Company") announced today that it has agreed to a new time charter with Sea Consortium Pte Limited, doing business as X-Press Feeders, for its 1997-built, 4,113 TEU vessel, Ville d'Orion. The charter, which commenced today, is at a gross charter rate of $8,000 per day and is for a period of between six and twelve months, at charterer's option. Ian Webber, Chief Executive Officer of Global Ship Lease, commented, "We are pleased to have fixed the Ville d'Orion on this charter, extending our commercial relationship with a high-quality carrier in Sea Consortium / X-Press Feeders and ensuring that all of our fleet is now secured on charters. As we are actively pursuing opportunities to utilize our investment capacity to expand our fleet through accretive acquisitions, we also remain focused on increasing our contracted revenue stream, diversifying our charter portfolio, and creating value for our shareholders."