Vessel Charter Monthly Size Vessel Year Delivered Employment Expira- Rate Vessel (cbm) Type Built To GASS Status tion (1*) $ CURRENT FLEET (Initial Fleet plus Identified & Additional Vessels already delivered to GASS) Gas Cathar 7,517 F.P. 2001 Oct-05 Time Charter Aug-07 355,000 Gas Marathon 6,572 F.P. 1995 Nov-05 Bareboat Oct-07 220,000 Gas Chios(4) 6,562 F.P. 1991 Oct-05 Time Charter Mar-07 300,000 Gas Amazon 6,526 F.P. 1992 May-05 Time Charter Nov-07 252,500 Gas Flawless 6,300 F.P. 2007 Feb-07 Time Charter Feb-09 299,000 Gas Monarch 5,018 F.P. 1997 Dec-05 Time Charter Jun-07 295,000 Gas Nemesis 5,016 F.P. 1995 Jun-06 Time Charter Jun-07 225,000 Lyne (2) 5,014 F.P. 1996 May-06 Bareboat May-09 163,636 Gas Emperor 5,013 F.P. 1995 Feb-05 Time Charter Jun-07 245,000 Birgit Kosan(6) 5,012 F.P. 1995 Apr-05 Bareboat Apr-07 190,000 Catterick 5,001 F.P 1995 Nov-05 Time Charter Jan-08 217,000 Sir Ivor (3) 5,000 F.P. 2003 May-06 Bareboat May-09 163,636 Gas Sincerity 4,123 F.P. 2000 Nov-05 Time Charter Jul-07 245,000 Gas Spirit 4,112 F.P. 2001 Dec-05 Time Charter Jun-07 250,000 Gas Zael 4,111 F.P. 2001 Dec-05 Time Charter Mar-07 402,800 Gas Courchevel 4,109 S.R. 1991 Nov-04 Time Charter Mar-07 390,000 Gas Prophet (5) 3,556 F.P. 1996 Oct-04 Bareboat Sep-09 110,000 Gas Shanghai (8) 3,526 F.P. 1999 Dec-04 Time Charter Mar-07 194,000 Gas Czar 3,510 F.P. 1995 Feb-06 Time Charter Nov-07 190,000 Gas Legacy 3,500 F.P. 1998 Oct-05 Time Charter Apr-07 250,000 Gas Fortune 3,500 F.P. 1995 Feb-06 Time Charter Dec-07 186,000 Gas Eternity (7) 3,500 F.P. 1998 Mar-06 Bareboat Apr-10 122,500 Gas Artic 3,434 S.R. 1992 Apr-05 Bareboat Apr-09 190,000 Gas Ice 3,434 S.R. 1991 Apr-05 Bareboat Apr-08 174,250 Batangas 3,244 F.P. 1995 Jun-06 Bareboat Jul-08 106,000 Gas Crystal 3,211 S.R. 1990 Nov-05 Spot N/A N/A Gas Oracle 3,014 F.P. 1990 Dec-05 Time Charter Dec-07 220,000 Gas Prodigy 3,014 F.P. 1995 Oct-05 Time Charter Dec-07 180,000 Gas Tiny 1,320 S.R. 1991 Oct-04 Time Charter Jan-09 140,000 FLEET TOTAL 126,769 29 VESSELS Cbm Additional Vessels (with expected delivery date) Gas Haralambos 7,000 F.P. Oct-07 Oct-07 FLEET TOTAL 133,769 30 VESSELS cbm F.P.: Fully-Pressurized S.R.: Semi-Refrigerated (1) To calculate daily rate divide by 30.4. All rates are quoted on a gross basis and do not take into account chartering commissions. (2) Lyne is employed under a bareboat charter until May 2009 at the rate of USD 163,636. Thereafter, at charterer's option, the bareboat charter can be extended for a further one year at the rate of USD 171,717. (3) Sir Ivor is employed under a bareboat charter until May 2009 at the rate of USD 163,636. Thereafter, at charterer's option, the bareboat charter can be extended for a further one year at the rate of USD 171,717. (4) Gas Chios charter has been extended for an additional twelve-month period at the rate of USD 252,500 per month. The charter will commence in March 2007. (5) Gas Prophet has for the three year duration of her bareboat charter been renamed the M.T. Ming Long. (6) Birgit Kosan is currently employed under a bareboat charter to an international owner of LPGs expiring in April 2007. This bareboat charter has been extended for 6 months from April 2007 to October 2007 at a rate of USD 150,000 per calendar month. (7) Gas Eternity will, from the commencement of her three year bareboat charter in March 2007, be renamed the M.T. Yu Tian 9. (8) Gas Shanghai is currently employed under a time charter until March 2007. Thereafter she will be employed on a further six month time charter at the rate of USD 225,000 per calendar month.About STEALTHGAS INC. Headquartered in Athens, Greece, STEALTHGAS INC. is a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry. STEALTHGAS INC. currently has a fleet of 29 LPG carriers with a total capacity of 126,769 cubic meters (cbm). In addition, the company has agreed to acquire one newbuilding LPG carrier expected to be delivered to STEALTHGAS INC. in early October 2007. Once these acquisitions are completed, STEALTHGAS INC.'s fleet will be composed of 30 LPG carriers with a total capacity of 133,769 cubic meters (cbm). STEALTHGAS's shares are listed on NASDAQ and trade under the symbol "GASS." Forward-Looking Statement Matters discussed in this release may constitute forward-looking statements. Forward-looking statements reflect our current views with respect to future events and financial performance and may include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management's examination of historical operating trends, data contained in our records and other data available from third parties. Although STEALTHGAS INC. believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, STEALTHGAS INC. cannot assure you that it will achieve or accomplish these expectations, beliefs or projections. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including changes in charterhire rates and vessel values, changes in demand that may affect attitudes of time charterers to scheduled and unscheduled drydocking, changes in STEALTHGAS INC.'s operating expenses, including bunker prices, dry-docking and insurance costs, or actions taken by regulatory authorities, potential liability from pending or future litigation, domestic and international political conditions, potential disruption of shipping routes due to accidents and political events or acts by terrorists. Risks and uncertainties are further described in reports filed by STEALTHGAS INC. with the US Securities and Exchange Commission. Visit our website at www.stealthgas.com
Contact Information: Company Contact: Andrew J. Simmons Chief Financial Officer STEALTHGAS INC. 011-30-210-6250-001 E-mail: simmons@stealthgas.com Investor Relations/Media: Nicolas Bornozis Capital Link, Inc.(New York) Tel. 212-661-7566 E-mail: nbornozis@capitallink.com