Investor Presentaiton

COSTAMARE INC. Dry Bulk Market Environment New vessel ordering continues to be restrained. Average Spot Earnings (USD/p.d.) 50,000 Rates for dry bulk vessels have come under pressure. 40,000 Despite recent weakness, rates remain well above cash break even levels. 30,000 20,000 10,000 60% 50% The orderbook for newbuilding dry bulk vessels currently stands at 7.2%. 40% 30% 20% 10% 0% Jul-11 Jul-12 Source: Clarksons - July 2022 Jul-13 Jul-14- Jul-15 Jul-12 Panamax Earnings Source: Clarksons - July 2022 Supramax Earnings Orderbook for Dry Bulk vessels Jul-16- Jul-17 Jul-18 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16 Jul-16 Jan-17 Jul-17 Jan-18 Jul-18 Jan-19 Jul-19 Jan-20 Jul-20 Jan-21 Jul-21 Jan-22 Jul-22 Jul-19- Jul-20 Jul-21 Jul-22 11 7.2% -Handysize Earnings 24,753 20,375 17,537

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