TBS International Limited Schedules Shareholder Meetings for December 4, 2009 to Vote on Proposed Change in Place of Incorporation

HAMILTON, BERMUDA–(Marketwire – October 30, 2009) – TBS International Limited (NASDAQ: TBSI)
(“TBS”) will hold meetings of its shareholders on Friday, December 4, 2009.
TBS’s shareholders will be asked to vote, in person or by proxy, at a
special court-ordered meeting on the company’s proposal to change the place
of incorporation of the company whose shares TBS shareholders own to
Ireland from Bermuda. TBS’s shareholders will also be asked to vote at a
special general meeting on proposals to establish distributable reserves of
TBS International plc, the proposed new Irish holding company, and to
approve the amended and restated TBS International 2005 Equity Incentive
Plan. The meetings will be held at the law offices of Bleakley Platt &
Schmidt, LLP, One North Lexington Avenue, White Plains, New York 10601.