X0303 4 2008-10-02 0 0001294250 Rand Logistics, Inc. RLOG 0001050154 RAMIUS LLC 599 LEXINGTON AVE. 20TH FLOOR NEW YORK NY 10022 0 0 1 0 0001275890 RCG BALDWIN LP C/O RAMIUS LLC 599 LEXINGTON AVE., 20TH FLOOR NEW YORK NY 10022 0 0 1 0 0001275893 RAMIUS ADVISORS LLC C/O RAMIUS LLC 599 LEXINGTON AVE., 20TH FLOOR NEW YORK NY 10022 0 0 1 0 0001401165 RCG PB, Ltd C/O RAMIUS LLC 599 LEXINGTON AVE., 20TH FLOOR NEW YORK NY 10022 0 0 1 0 0001427568 RCG Crimson Partners, LP C/O RAMIUS LLC 599 LEXINGTON AVE., 20TH FLOOR NEW YORK NY 10022 0 0 1 0 0001418492 RCG Enterprise Ltd CITCO FUND SERVICES LIMITED CORPORATE CENTER, WEST BAY ROAD GRAND CAYMAN 0 0 1 0 Common Stock, $.0001 par value 2008-10-02 4 S 0 11000 4.9507 D 979975 I By Ramius Enterprise Master Fund Ltd Common Stock, $.0001 par value 2008-10-03 4 S 0 4426 4.9653 D 975549 I By Ramius Enterprise Master Fund Ltd Common Stock, $.0001 par value 2008-10-02 4 S 0 11000 4.9507 D 561075 I By RCG Baldwin, L.P. Common Stock, $.0001 par value 2008-10-03 4 S 0 4426 4.9653 D 556649 I By RCG Baldwin, L.P. Common Stock, $.0001 par value 40000 I By Ramius Select Equity Fund LP Common Stock, $.0001 par value 50000 I By RCG PB, Ltd. Each Reporting Person may be deemed to be a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding shares of Common Stock. To enable all of the Reporting Persons to gain access to the Securities and Exchange Commission's electronic filing system (which only accepts a maximum of 10 joint filers per report), this report is the first of two identical reports relating to the same transaction being filed with the Securities and Exchange Commission. Each Reporting Person disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such shares of Common Stock for purposes of Section 16 or for any other purpose. Shares of Common Stock beneficially owned by Ramius Enterprise Master Fund Ltd (Enterprise). As the investment manager of Enterprise, Ramius Advisors, LLC (Ramius Advisors), may be deemed to beneficially own the shares of Common Stock beneficially owned by Enterprise. As the sole member of Ramius Advisors, Ramius LLC (Ramius) may be deemed to beneficially own the shares of Common Stock beneficially owned by Enterprise. RCG Enterprise Ltd changed its name to Ramius Enterprise Master Fund Ltd. Shares of Common Stock beneficially owned by RCG Baldwin, L.P. (Baldwin). As the general partner of Baldwin, Ramius Advisors may be deemed to beneficially own the shares of Common Stock beneficially owned by Baldwin. As the sole member of Ramius Advisors, Ramius may be deemed to beneficially own the shares of Common Stock beneficially owned by Ramius Advisors. Shares of Common Stock beneficially owned by Ramius Select Equity Fund LP (Select Equity Fund). As the general partner of Select Equity Fund, Ramius may be deemed to beneficially own the shares of Common Stock beneficially owned by Select Equity Fund. RCG Crimson Partners, LP, changed its name to Ramius Select Equity Fund LP. Shares of Common Stock beneficially owned by RCG PB, Ltd. (RCG PB). Ramius Advisors, as the investment advisor of RCG PB, may be deemed to beneficially own the shares of Common Stock beneficially owned by RCG PB. Ramius, as the sole member of Ramius Advisors, may be deemed to beneficially own the shares of Common Stock beneficially owned by RCG PB. By: Ramius LLC; By: /s/ Owen S. Littman, Authorized Signatory 2008-10-06 By: RCG Baldwin, L.P.; By: /s/ Owen S. Littman, Authorized Signatory 2008-10-06 By: Ramius Advisors, LLC; By: /s/ Owen S. Littman, Authorized Signatory 2008-10-06 By: RCG PB, Ltd.; By: /s/ Owen S. Littman, Authorized Signatory 2008-10-06 By: Ramius Select Equity Fund LP; By: /s/ Owen S. Littman, Authorized Signatory 2008-10-06 By: Ramius Enterprise Master Fund Ltd; By: /s/ Owen S. Littman, Authorized Signatory 2008-10-06