SAFE BULKERS INC.                                                                                                                                 5^th ANNUAL SCHOLARSHIP PROGRAM ANNOUNCEMENT

                                                                                                        ACADEMIC YEAR 2025-2026

SAFE BULKERS Inc., a New York Stock Exchange (NYSE) listed company (“SB” ticker) and its CEO, Polys V. Hajioannou, in the context of the Company’s Environmental, Social and Governance (ESG) policy are pleased to announce the 5th Annual Scholarship Program for the academic year 2025-2026.

The program consists of ten (10) scholarships that will be granted to Cypriot citizens or Greek citizens settled in Cyprus, either students graduating from Educational Institutions in Cyprus (Lyceum) or those who are attending studies at universities in Greece, the United Kingdom and other respective Universities abroad. An amount of 10,000 Euro per scholarship shall be awarded based on the academic merit and financial status of the participants who aim to pursue a professional career in the Maritime Industry.

Τhe scholarships are related to undergraduate or postgraduate studies (Master) for studies abroad in the fields of:

– NAVAL ARCHITECTURE / MARINE ENGINEERING

– MECHANICAL ENGINEERING / ΕLECTRICAL ENGINEERING

– ELECTRONIC ENGINEERING /  COMPUTER ENGINEERING / AUTOMATION

– COMPUTER SCIENCE / CYBER SECURITY / ARTIFICIAL INTELLIGENCE / DATA SCIENCE ANALYTICS

– SHIPPING LAW

– MSc in SHIPPING TRADE & FINANCE

MINIMUM ACADEMIC REQUIREMENTS

• High School Graduates: Certificate of acceptance from a relevant University. High School certificate grade (min 18.0) or A-levels in Mathematics or Physics grade (min. B).
• UK Students: Yearly average grade of over 60% or 2.1.
• Greek Polytechnic Students: Yearly average grade of over 6.5.
• UK Master’s (MSc) studies: Hellenic Polytechnic Degree Grade 7.5 or UK University 2.1.
• Students from other foreign universities: Yearly average grade above “Very Good”

SOCIAL CRITERIA

• A) Family/Marital status and B) Family income.

If you are interested to apply for the program, you can visit our website:  https://safebulkers.com/scholarships25 and fill out the respective electronic application form by providing all relevant information and supporting documents.

In case of any inquiries or clarifications regarding the scholarship program, you can contact us via e-mail: [email protected]

Applications for the academic year 2025-2026 must be submitted to the company not later than AUGUST  31^st, 2025.

The supporting documents of the application and the academic degree certifications can be provided before the start of the academic year in case not available at an earlier stage. The final approval of the Scholarship shall be granted only upon providing all supporting application documents before the application deadline date.