Risks and uncertainties are further described in reports filed by Eagle Bulk Shipping Inc. with the US Securities and Exchange Commission.

Visit our website at www.eagleships.com
CONTACT: Company Contact:         Adir Katzav         Chief Financial Officer         Eagle Bulk Shipping Inc.         Tel. +1 212-785-2500                  Investor Relations / Media:         Jonathan Morgan         Perry Street Communications, New York         Tel. +1 212-741-0014

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