EUROSEAS LTD

Fleet Profile

Vessel Profiles

As of January 19 2012, Euroseas Ltd. fleet profile is as follows::

Name	Type	Dwt	TEU	Year Built	Employment^*	TCE Rate ($/day)
Dry Bulk Vessels
PANTELIS	Panamax	74,020		2000	TC 'til Mar-12 Thereafter TC til' Feb-14 + 1 Year in Charterers Option	$17,500 $11,200 + 50/50 Profit Share $14,200
ELENI P	Panamax	72,119		1997	TC 'til Jan-13	$16,500
IRINI	Panamax	69,734		1988	TC 'til Apr-13	$14,000
ARISTIDES N.P.	Panamax	69,268		1993	TC 'til May-12	$14,950
MONICA P	Handymax	46,667		1998	TC 'til Sep-13	$12,375
Total Dry Bulk Vessels	5	331,808
Multipurpose Dry Cargo Vessels
TASMAN TRADER	1	22,568	950	1990	TC 'til Mar-12	$9,000
Container Carriers
MAERSK NOUMEA	Intermediate	34,677	2,556	2001	TC 'til Jun-13	$15,750
TIGER BRIDGE	Intermediate	31,627	2,228	1990	TC 'til Feb-12	$7,500
AGGELIKI P	Intermediate	30,360	2,008	1998	TC 'till Feb-12	$12,500
DESPINA P	Handy size	33,667	1,932	1990	TC 'til Jan-12 Thereafter TC 'til Mar-13	$8,500 $7,000
JONATHAN P (ex-OEL INTEGRITY)	Handy size	33,667	1,932	1990	Open
CAPTAIN COSTAS (ex- OEL TRANSWORLD)	Handy size	30,007	1,742	1992	Open
MARINOS	Handy size	23,596	1,599	1993	TC 'till Mar-12	$6,100
MANOLIS P	Handy size	20,346	1,452	1995	TC 'till May-12	$7,000
NINOS (ex-YM QINGDAO I)	Feeder	18,253	1,169	1990	TC till Jun-12	$11,200
KUO HSIUNG	Feeder	18,154	1,169	1993	TC till Jun-12	$11,200
Total Container Carriers	10	274,354	17,787
Fleet Grand Total	16	628,730	18,737

* TC denotes time charter. All dates listed are the earliest redelivery dates under each TC.

Euromar* fleet profile is as follows:

Euromar is a joint venture between Euroseas and two private equity firms, Eton Park and Rhone Capital in which Euroseas holds 14.28% stake.