X0202 3 2005-06-24 0 0001065648 TBS INTERNATIONAL LTD TBSI 0001325589 Gentile Anthony J 612 EAST GRASSY SPRAIN ROAD YONKERS NY 10710 0 1 0 0 Controller Class B Common Shares See Note D These shares automatically convert upon the share conversions, consolidations, redesignations and warrant exercise of the Issuer's issued and outstanding shares which are expected to occur in conjunction with its planned initial public offering and reflected in the Issuer's Form S-1 (File No. 333-123157). Not applicable. In conjunction with the Issuer's planned initial public offering, these Class B common shares, par value $0.004 per share, will convert into 5,000 New Class A common shares, par value $0.01 per share, of the Issuer. By:/s/ Tara C. DeMakes Tara C. DeMakes Attorney-in-Fact 2005-06-24