X0303 4 2008-10-08 0 0001294250 Rand Logistics, Inc. RLOG 0001267474 C4S & CO LLC 599 LEXINGTON AVENUE 20TH FLOOR NEW YORK NY 10022 0 0 1 0 0001042589 COHEN PETER A C/O RAMIUS LLC 599 LEXINGTON AVE., 20TH FLOOR NEW YORK NY 10022 0 0 1 1 See Explanation of Responses 0001267535 STARK MORGAN B C/O RAMIUS LLC 599 LEXINGTON AVE., 20TH FLOOR NEW YORK NY 10022 0 0 1 1 See Explanation of Responses 0001043935 STRAUSS THOMAS W C/O RAMIUS LLC 599 LEXINGTON AVE., 20TH FLOOR NEW YORK NY 10022 0 0 1 1 See Explanation of Responses 0001275922 SOLOMON JEFFREY M C/O RAMIUS LLC 599 LEXINGTON AVE., 20TH FLOOR NEW YORK NY 10022 0 0 1 1 See Explanation of Responses Common Stock, $.0001 par value 2008-10-08 4 S 0 1300 4.9000 D 974249 I By Ramius Enterprise Master Fund Ltd Common Stock, $.0001 par value 2008-10-09 4 S 0 2500 4.9300 D 971749 I By Ramius Enterprise Master Fund Ltd Common Stock, $.0001 par value 2008-10-08 4 S 0 1300 4.9000 D 555349 I By RCG Baldwin, L.P. Common Stock, $.0001 par value 2008-10-09 4 S 0 2500 4.9300 D 552849 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 second 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). C4S & Co., L.L.C. (C4S), as the managing member of Ramius LLC (Ramius), the sole member of Ramius Advisors, LLC (Ramius Advisors), the investment manager of Enterprise, may be deemed to beneficially own the shares of Common Stock beneficially owned by Enterprise. As the managing members of C4S, each of Messrs. Cohen, Stark, Solomon and Strauss may be deemed to beneficially own the shares of Common Stock beneficially owned by Enterprise. Shares of Common Stock beneficially owned by RCG Baldwin, L.P. (Baldwin). C4S, as the managing member of Ramius, the sole member of Ramius Advisors, the general partner of Baldwin, may be deemed to beneficially own the shares of Common Stock beneficially owned by Baldwin. As the managing members of C4S, each of Messrs. Cohen, Stark, Solomon and Strauss may be deemed to beneficially own the shares of Common Stock beneficially owned by Baldwin. Shares of Common Stock beneficially owned by Ramius Select Equity Fund LP (Select Equity Fund). C4S, as the managing member of Ramius, the general partner of Select Equity Fund, may be deemed to beneficially own the shares of Common Stock beneficially owned by Select Equity Fund. As the managing members of C4S, each of Messrs. Cohen, Stark, Solomon and Strauss may be deemed to beneficially own the shares of Common Stock beneficially owned by Select Equity Fund. Shares of Common Stock beneficially owned by RCG PB, Ltd. (RCG PB). C4S, as the managing member of Ramius, the sole member of Ramius Advisors, the investment advisor of RCG PB, may be deemed to beneficially own the shares of Common Stock beneficially owned by RCG PB. As the managing members of C4S, each of Messrs. Cohen, Stark, Solomon and Strauss may be deemed to beneficially own the shares of Common Stock beneficially owned by RCG BP. By: C4S & Co., L.L.C., By: /s/ Owen S. Littman, as Attorney in Fact for Jeffrey M. Solomon, as Managing Member 2008-10-10 By: /s/ Owen S. Littman, as Attorney in Fact for Peter A. Cohen 2008-10-10 By: /s/ Owen S. Littman, as Attorney in Fact for Morgan B. Stark 2008-10-10 By: /s/ Owen S. Littman, as Attorney in Fact for Thomas W. Strauss 2008-10-10 By: /s/ Owen S. Littman, as Attorney in Fact for Jeffrey M. Solomon 2008-10-10