Charter Vessel Size Vessel Year Delivered Employment Expiration Vessel (cbm) Type Built To Company Status (1) ----------- ------ ------ ---------- ------------ --------- CURRENT FLEET Gas Cathar (2) 7,517 F.P. 2001 Oct-05 Time Charter Aug-08 ----------- ------ ------ ---------- ------------ --------- Gas Marathon (3) 6,572 F.P. 1995 Nov-05 Bareboat Oct-09 ----------- ------ ------ ---------- ------------ --------- Gas Chios 6,562 F.P. 1991 Oct-05 Time Charter Mar-08 ----------- ------ ------ ---------- ------------ --------- Gas Amazon (4) 6,526 F.P. 1992 May-05 Time Charter Nov -08 ----------- ------ ------ ---------- ------------ --------- Gas Flawless 6,300 F.P. 2007 Feb-07 Time Charter Feb-09 ----------- ------ ------ ---------- ------------ --------- Gas Monarch 5,018 F.P. 1997 Dec-05 Time Charter Jun-10 ----------- ------ ------ ---------- ------------ --------- Gas Nemesis 5,016 F.P. 1995 Jun-06 Time Charter May-08 ----------- ------ ------ ---------- ------------ --------- Lyne (5) 5,014 F.P. 1996 May-06 Bareboat May-09 ----------- ------ ------ ---------- ------------ --------- Gas Emperor 5,013 F.P. 1995 Feb-05 Time Charter Jun-08 ----------- ------ ------ ---------- ------------ --------- Birgit Kosan (6) 5,012 F.P. 1995 Apr-05 Bareboat Oct-11 ----------- ------ ------ ---------- ------------ --------- Catterick (7) 5,001 F.P 1995 Nov-05 Time Charter Jan-09 ----------- ------ ------ ---------- ------------ --------- Sir Ivor (8) 5,000 F.P. 2003 May-06 Bareboat May-09 ----------- ------ ------ ---------- ------------ --------- Gas Icon 5,000 F.P. 1994 Jun-07 Time Charter Jul-08 ----------- ------ ------ ---------- ------------ --------- Gas Kalogeros 5,000 F.P. 2007 Jul-07 Time Charter May-08 ----------- ------ ------ ---------- ------------ --------- Gas Sincerity 4,123 F.P. 2000 Nov-05 Time Charter Jul-08 ----------- ------ ------ ---------- ------------ --------- Gas Spirit 4,112 F.P. 2001 Dec-05 Time Charter Jun-08 ----------- ------ ------ ---------- ------------ --------- Gas Zael 4,111 F.P. 2001 Dec-05 Time Charter Mar-08 ----------- ------ ------ ---------- ------------ --------- Gas Courchevel 4,109 S.R. 1991 Nov-04 Spot - ----------- ------ ------ ---------- ------------ --------- Gas Prophet (9) 3,556 F.P. 1996 Oct-04 Bareboat Sep-09 ----------- ------ ------ ---------- ------------ --------- Gas Shanghai (10) 3,526 F.P. 1999 Dec-04 Time Charter Sep-08 ----------- ------ ------ ---------- ------------ --------- Sea Bird II 3,518 F.P. 1996 May-07 Bareboat May-09 ----------- ------ ------ ---------- ------------ --------- Gas Evoluzione 3,517 F.P. 1996 Jul-07 Time Charter Aug-08 ----------- ------ ------ ---------- ------------ --------- Gas Czar 3,510 F.P. 1995 Feb-06 Time Charter Nov-07 ----------- ------ ------ ---------- ------------ --------- Gas Legacy 3,500 F.P. 1998 Oct-05 Time Charter Apr-08 ----------- ------ ------ ---------- ------------ --------- Gas Fortune (11) 3,500 F.P. 1995 Feb-06 Time Charter Dec-08 ----------- ------ ------ ---------- ------------ --------- Gas Eternity (12) 3,500 F.P. 1998 Mar-06 Bareboat Apr-10 ----------- ------ ------ ---------- ------------ --------- Gas Sikousis (13) 3,500 F.P. 2006 Aug-07 Time Charter May-09 ----------- ------ ------ ---------- ------------ --------- Gas Artic 3,434 S.R. 1992 Apr-05 Bareboat Apr-09 ----------- ------ ------ ---------- ------------ --------- Gas Ice 3,434 S.R. 1991 Apr-05 Bareboat Apr-08 ----------- ------ ------ ---------- ------------ --------- Gas Renovatio 3,313 F.P. 1997 May-07 Time Charter Jan-08 ----------- ------ ------ ---------- ------------ --------- Chiltern 3,312 F.P. 1997 Jun-07 Bareboat Mar-08 ----------- ------ ------ ---------- ------------ --------- Batangas 3,244 F.P. 1995 Jun-06 Bareboat Jul-08 ----------- ------ ------ ---------- ------------ --------- Gas Crystal 3,211 S.R. 1990 Nov-05 Time Charter Jul-08 ----------- ------ ------ ---------- ------------ --------- Gas Oracle 3,014 F.P. 1990 Dec-05 Time Charter Dec-07 ----------- ------ ------ ---------- ------------ --------- Gas Prodigy (14) 3,014 F.P. 1995 Oct-05 Time Charter Dec-08 ----------- ------ ------ ---------- ------------ --------- Gas Tiny 1,320 S.R. 1991 Oct-04 Time Charter Jan-09 ----------- ------ ------ ---------- ------------ --------- FLEET TOTAL 36 VESSELS 153,929 cbm ----------- ------ ------ ---------- ------------ --------- Additional Vessels (with expected delivery date) ----------------------------------------------------------- Gas Premiership (15) 7,200 F.P. 2001 Feb-08 Time Charter Feb-12 ----------- ------ ------ ---------- ------------ --------- Gas Haralambos (16) 7,000 F.P. Oct-07 Oct-07 Time Charter Oct-09 ----------- ------ ------ ---------- ------------ --------- Gas Sophie 3,500 F.P. 1995 Oct-07 - - ----------- ------ ------ ---------- ------------ --------- FLEET TOTAL 39 VESSELS 171,629 cbm ----------- ------ ------ ---------- ------------ ---------
-- 'F.P.: Fully-Pressurized -- 'S.R.: Semi-Refrigerated
(1) Earliest date charters could expire. Most charters include options to shorten or extend their term. (2) Gas Cathar is currently employed under a time charter with an initial term expiring in August 2007, which has been extended to August 2008. (3) Gas Marathon is currently employed under a bareboat charter with an initial term expiring in October 2007. Thereafter she will be re-employed on a bareboat charter October 2009. (4) Gas Amazon is currently employed under a time charter with an initial term expiring in November 2007, which has been extended to November 2008. (5) Lyne is employed under a bareboat charter until May 2009. Thereafter, at the charterer's option, the bareboat charter can be extended for a an additional year. (6) Birgit Kosan is currently employed under a bareboat charter until October 2007. Thereafter she will be re-employed on a bareboat charter until September 2011. (7) Catterick is currently employed under a time charter with an initial term expiring in January 2008, which has been extended to January 2009. (8) Sir Ivor is employed under a bareboat charter until May 2009. Thereafter, at the charter's option, the bareboat charter can be Extended for an additional year. (9) Gas Prophet has for the three year duration of bareboat charter been renamed the M.T. Ming Long. (10) Gas Shanghai is currently employed under a time charter with an initial term expiring in September 2007, which has been extended to September 2008. (11) Gas Fortune is currently employed under a time charter with an initial term expiring in December 2007, which has been extended to December 2008. (12) Gas Eternity has for the duration of bareboat charter been renamed the M.T. Yu Tian 9. (13) Gas Sikousis is currently employed under a time charter until May 2009. Thereafter, at the charterer' option, the time charter can be extended for two one-year period, the first one to be negotiated in May 2009. (14) Gas Prodigy is currently employed under a time charter with an initial term expiring in December 2007, which has been extended to December 2008. (15) Gas Premiership will commence a four year charter upon expected delivery in February 2008 expiring in February 2012. (16) Gas Haralambos will commence a two year charter upon expected delivery in OctoberAbout 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 36 LPG carriers with a total capacity of 153,929 cubic meters (cbm). In addition, the company has agreed to acquire one re sale newbuilding LPG carrier expected to be delivered to it in October 2007. It has also entered into agreements to acquire two additional second-hand LPG carriers with expected delivery between October 2007 and February 2008. Once these acquisitions are complete, STEALTHGAS INC.'s fleet will be composed of 39 LPG carriers with a total capacity of 171,629 cubic meters (cbm). STEALTHGAS Inc.'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