Euroseas Ltd. Announces Closing of Follow-on Offering of Common Stock

Euroseas Ltd., an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced today the closing of a public offering of 6,325,000 shares of the Company’s common stock, including 500,000 shares offered by one of Euroseas’ shareholders, at a price of $17.00 per share. Wachovia Securities and Oppenheimer & Co. acted as joint bookrunning managers. In connection with the offering, the underwriters have been granted a 30-day option to purchase from the Company up to 948,750 additional shares of common stock to cover any over-allotments.