SAFE BULKERS INC

Ticker: SB CUSIP: Y7388L103 Class: Common Stock

Bienville Capital Management, LLC's Holding History (CIK: 0001605070)

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

Q1 2018
Shares 434,646 Value ($000) $1,378 Avg Close $3.54 Range $2.93 - $4.00
Q4 2017
Shares 181,848 Value ($000) $587 Avg Close $3.21 Range $2.67 - $3.79