Company History

GSL is the surviving entity of the merger between its predecessor (which was a wholly-owned subsidiary of CMA CGM) and Marathon Acquisition Corp.

Marathon was established by Michael Gross, a senior partner at investment firm Magnetar Capital, chairman and Chief Executive Officer of investment firm Solar Capital, and founder of, and former partner at, Apollo Management. Mr. Gross is a member of our Board of Directors. Mr. Gross retains a significant shareholding in GSL through his company, Marathon Founders LLC.

CMA CGM is the third largest liner container shipping company in the world with revenues of approximately $12 billion in 2007. CMA CGM retains a significant equity stake in GSL, but has no special rights and does not have board representation.

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