Global Ship Lease Expands Its Board of Directors With Appointment of Two Independent Directors

Global Ship Lease Expands Its Board of Directors With Appointment of Two Independent Directors

May 12, 2014

LONDON, May 12, 2014 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc.
(NYSE:GSL) (the "Company") announced today the appointment of Alain
Wils and John van de Merwe to the Company's Board of Directors,
increasing the Board to six members. Mr. Wils and Mr. van de Merwe were
appointed by the existing Board of Directors following their nomination
by the Company's largest shareholder, CMA CGM.

Mr. Wils currently serves as a consultant in the shipping and logistics
industries, with more than 40 years of experience. After serving as
Chairman and CEO of Sceta International, a leading European logistics
and freight forwarding company, Mr. Wils was a Managing Director and
then Executive Board member of CMA CGM from 1996 to 2008.

Mr. van de Merwe provides consultancy services in transportation and
logistics, also with more than 40 years of industry experience.
Following a 28-year tenure at Sea-Land Service Inc, serving in various
executive capacities in the United States and Europe, including as an
officer of the company, Mr. van de Merwe served from 2000-2006 as
President and CEO of CMA CGM (America).

Michael Gross, Chairman of the Board of Global Ship Lease, commented,
"Global Ship Lease welcomes the appointment of these two industry
veterans to our Board of Directors. We look forward to their important
contributions at a time when the Company is well positioned to pursue
attractive acquisition opportunities, to continue to benefit from our
strong contracted revenues and to ultimately maximize value for all

About Global Ship Lease

Global Ship Lease is a containership charter owner. Incorporated in the
Marshall Islands, Global Ship Lease commenced operations in December
2007 with a business of owning and chartering out containerships under
long-term, fixed rate charters to top tier container liner companies.

Global Ship Lease owns 17 vessels with a total capacity of 66,349 TEU
with an average age, weighted by TEU capacity, at March 31, 2014 of
10.1 years. 17 vessels are fixed on charters, 16 of which are chartered
to CMA CGM. The average remaining term of the charters at March 31,
2014 was 6.5 years or 7.3 years excluding the two vessels on short term