Capital Structure

Cash, $90M Common Equity, $74M Series C Preferred on As-Converted Basis, $55M 8.75% Series B Perpetual Preferred Shares, $42M 8.00% Senior Unsecured Notes due 2024, $59M 9.875% Senior Secured Notes due 2022, $267M Senior Secured Bank Debt (Indicative Weighted Average Pricing of ~L + 4.1%), $519M

Ownership Structure

Kelso CMA CGM Board & Management (1) Public Float (2)

(1) Includes George Youroukos, at 5.2%, and Michael Gross, at 4.4%.

(2) Includes B.Riley, at 6.8%.