Costamare Inc. Announces Filing of Registration Statement by Master Limited Partnership

ATHENS, GREECE--(Marketwired - Oct 2, 2014) - Costamare Inc. (the "Company") (NYSE: CMRE) announced today the filing of a Registration Statement on Form F-1 with the Securities and Exchange Commission (the "SEC") for the initial public offering of common units representing limited partnership interests (the "common units") in Costamare Partners LP (the "MLP"), a Marshall Islands limited partnership and a wholly owned subsidiary of the Company. The number of common units to be offered and the price range for the offering have not yet been finally determined. Application will be made to list the common units on the New York Stock Exchange under the symbol "CMRP".

The proceeds from the offering are expected to be used principally to reduce indebtedness and for general partnership purposes, with the remainder to be distributed to the Company. The Company intends to contribute to the MLP a 100% interest in the entities which own four of the Company's existing container vessels. Following the offering, the MLP will remain a consolidated subsidiary of the Company as the Company will retain a majority of the MLP's total equity interests and, through a subsidiary, act as its general partner. Completion of the initial public offering is subject to further authorization of the board of directors of the Company, as well as completion of the SEC review process.

Morgan Stanley & Co. LLC, Barclays Capital Inc., Citigroup Global Markets Inc., Wells Fargo Securities, LLC, Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC are acting as the underwriters for the offering.

The offering is being made only by means of a prospectus. When available, a preliminary prospectus relating to the offering may be obtained from: Morgan Stanley, 180 Varick Street, 2nd Floor, New York, NY 10014, Attn: Prospectus Department, email: [e-mail]; Barclays, c/o Broadridge Financial Solutions, 1155, Long Island Avenue, Edgewood, New York 11717, by calling [phone] or by emailing [e-mail]; Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by calling [phone] or by emailing [e-mail]; Wells Fargo Securities, 375 Park Avenue, New York, New York 10152, Attn: Equity Syndicate Dept., email: [e-mail]; Credit Suisse, One Madison Avenue, New York, NY 10010, Attn: Prospectus Department, by calling 1-800-221-1037 or by emailing [e-mail]; or J.P. Morgan, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by calling [phone].