Global Ship Lease, Inc. Postpones Initial Public Offering

LONDON, Nov. 15 /PRNewswire/ -- Global Ship Lease, Inc. (GSL) announced that, based on unfavorable market conditions, it has decided to postpone its proposed initial public offering (IPO). The company will continue to monitor the financial markets going forward. GSL's registration statement on Form F-1 for the IPO remains on file with the United States Securities and Exchange Commission.

The registration statement relating to these securities has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

This news release contains certain forward-looking statements that reflect the current views and/or expectations of Global Ship Lease, Inc. with respect to its performance, business and future events. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary significantly.

About Global Ship Lease, Inc.

Global Ship Lease, Inc. was incorporated in May 2007 to acquire a fleet of modern, diverse and high quality containerships. GSL has contracted to acquire the vessels in its initial and contracted fleet from CMA CGM S.A., the third largest containership company in the world.