News Release

Global Ship Leasing Hong Kong Investment Co., Ltd (HK-GSL) Announces Excess Cash Flow Offer to Purchase up to $20 Million of First Priority Secured Notes

LONDON, March 22, 2017 (GLOBE NEWSWIRE) — Global Ship Leasing Hong Kong Investment Co., Ltd (HK-GSL), Inc. (NYSE:GSL) (the “Company”) today announced that it is commencing a cash tender offer (the “Excess Cash Flow Offer”) to purchase up to $20 million aggregate amount (the “Maximum Offer Amount”) with respect to its outstanding 10.000% First Priority Secured Notes due 2019 (the “Notes”) at a purchase price of 102% of the aggregate principal amount thereof plus accrued and unpaid interest to, but not including, the purchase date.