Global Ship Lease Reports Results for the First Quarter of 2021 Global Ship Lease, Inc., a containership charter owner, announced its unaudited results for the three months ended March 31, 2021. First Quarter 2021 – Reported operating revenue of $73.0 million for the first quarter 2021. – Reported net income available to common shareholders of $4.2 million for the first quarter 2021 after $5.8 million premium paid on the full optional redemption of our outstanding 9.875% Senior Secured Notes due 2022 (“2022 Notes”) on January 20, 2021, an associated non-cash write off of deferred financing charges of $3.7 million and of original issue discount of $1.1 million, a non-cash charge of $1.3 million for accelerated stock based compensation expense due to vesting and new awards of fully vested incentive shares, and a prepayment fee of $1.6 million on the partial repayment of our Blue Ocean Junior Credit Facility, giving normalized net income(3) of $17.8 million.