X0202 4 2005-06-29 0 0001065648 TBS INTERNATIONAL LTD TBSI 0001325590 Bayley James W OSBORN HOUSE, 4TH FLOOR 74-80 MIDDLESEX STREET LONDON E1 7EZ X0 - UNITED KINGDOM 1 1 0 0 Vice President Class A Common Shares, par value $0.01 per share 2005-06-29 4 M 0 462511 0.00 A 462511 D Class B Common Shares, par value $0.01 per share 2005-06-29 4 M 0 896268 0.00 A 796268 D Class A Common Shares, par value $0.01 per share 2005-06-29 4 S 0 71210 10.00 D 491301 D Class B Common Shares, par value $0.004 per share 2005-06-29 4 M 0 538500 D See Note 0 D These shares resulted from 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). These shares are directly held by Standcrown (Gibraltar) Limited, a company beneficially owned by James Bayley. Pursuant to the provisions in the Issuer's amended and restated bye-laws, these shares are convertible into an equal number of Class A common shares, par value $0.01 per share. Pursuant to the provisions in the Issuer's amended and restated bye-laws, these shares are convertible into an equal number of Class B common shares, par value $0.01 per share. These shares automatically converted 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, converted into 462,511 New Class A common shares, par value $0.01 per share, and 896,268 New Class B common shares, par value $0.01 per share, of the Issuer. By: /s/ Tara C. DeMakes Name: Tara C. DeMakes Attorney-in-Fact 2005-07-01