ATHENS, GREECE--(Marketwire - Oct 31, 2012) - Costamare Inc. (the "Company") (NYSE: CMRE), an international owner and provider of containerships for charter, announced the election of two Class II directors at the Company's annual meeting of stockholders held in Athens on October 30, 2012.

The elected Class II directors are Gregory Zikos, the Company's Chief Financial Officer, and Vagn Lehd Møller. Each Class II director was elected to hold office for a term ending at the annual meeting of stockholders in 2015 and until his successor has been duly elected and qualified.

Stockholders also ratified the appointment of Ernst & Young (Hellas) Certified Auditors Accountants S.A. as the Company's independent auditors for the fiscal year ending December 31, 2012.

About Costamare Inc.
Costamare Inc. is one of the world's leading owners and providers of containerships for charter. The Company has 37 years of history in the international shipping industry and a fleet of 57 containerships, with a total capacity of approximately 329,000 TEU, including 10 newbuilds on order. The Company's common shares trade on the New York Stock Exchange under the symbol "CMRE."

Forward-Looking Statements
This press release contains "forward-looking statements." In some cases, you can identify these statements by forward-looking words such as "believe," "intend," "anticipate," "estimate," "project," "forecast," "plan," "potential," "may," "should," "could" and "expect" and similar expressions. These statements are not historical facts but instead represent only the Company's belief regarding future results, many of which, by their nature, are inherently uncertain and outside of the Company's control. It is possible that actual results may differ, possibly materially, from those anticipated in these forward-looking statements. For a discussion of some of the risks and important factors that could affect future results, see the discussion in the Company's Annual Report on Form 20-F (File No. 001-34934) under the caption "Risk Factors."