Notice of 2026 Annual Meeting of Stockholders

NOTICE IS HEREBY GIVEN that the 2026 Annual Meeting of Stockholders of Safe Bulkers, Inc., a Marshall Islands corporation, will be held at 15:00 local time, on Thursday, September 10, 2026, at the Fairmont Hotel, 12 Avenue des Spélugues, Monte Carlo, 98000, Monaco, for the following purposes:

1. To elect three Class III directors to hold office until the annual meeting of stockholders in 2029 and until their respective successors have been duly elected and qualified;

2. To ratify the appointment of our independent auditors; and

3. To transact such other business as may properly come before the 2026 Annual Meeting of Stockholders and any adjournments or postponements thereof.

Only holders of record of Common Stock at the close of business on July 15, 2026 will be entitled to receive notice of, and to vote at, the 2026 Annual Meeting of Stockholders and at any adjournments or postponements thereof.

You are cordially invited to attend the 2026 Annual Meeting of Stockholders. Whether or not you plan to attend the 2026 Annual Meeting in person, please vote as soon as possible via the Internet, by telephone or, if you receive a paper proxy card in the mail, by mailing a completed proxy card. For detailed information regarding voting instructions, please refer to the section entitled "Voting via the Internet, by Telephone or by Mail" beginning on page 1 of the accompanying proxy statement. You may revoke a previously delivered proxy at any time prior to the 2026 Annual Meeting. If you decide to attend the 2026 Annual Meeting and wish to change your proxy vote, you may do so by voting in person at the 2026 Annual Meeting. Stockholders holding through Euronext Securities Athens should refer to the section of this proxy statement entitled "Voting Via the Internet, By Telephone or By Mail-Holders through Euronext Securities Athens."

By Order of the Board of Directors Dr. Loukas Barmparis

President and Secretary Monaco

July 27, 2026