SAFE BULKERS INC

Ticker: SB CUSIP: Y7388L103 Class: Common Stock

Pine River Capital Management L.P.'s Holding History (CIK: 0001288136)

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

Q4 2013
Shares 150,000 Value ($000) $1,560 Avg Close $7.94 Range $6.21 - $10.95