SAFE BULKERS INC

Ticker: SB CUSIP: Y7388L103 Class: Common Stock

TOCQUEVILLE ASSET MANAGEMENT L.P.'s Holding History (CIK: 0000883961)

Note: Option positions (PUT/CALL) are excluded.

Q2 2014
Shares 94 Value ($000) $1 Avg Close $8.70 Range $7.76 - $10.18
Q1 2014
Shares 83 Value ($000) $1 Avg Close $9.93 Range $8.65 - $11.48