GSL.U Global Ship Lease Ut

Global Ship Lease, Inc. (NYSE: GSL)(NYSE: GSL.U)(NYSE: GSL.WS), a containership charter owner, announced today that it will hold a conference call to discuss the Company's results for the first quarter of 2009 on Tuesday, May 19, 2009 at 11:00 a.m. Eastern Time. The Company will also issue financial results for the first quarter ended March 31, 2009 on Tuesday, May 19, 2009 before the open of market trading.

What:   First Quarter 2009 Conference Call and Webcast

When:   Tuesday, May 19, 2009 at 11:00 a.m. Eastern Time

Where:  There are two ways to access the conference call:

        Dial-in: (877) 719-9801 or (719) 325-4809; Passcode: 6904731
        Please dial in at least 10 minutes prior to 11:00 a.m. Eastern Time
        to ensure a prompt start to the call.

        Live Internet webcast and slide presentation:
        http://www.globalshiplease.com

If you are unable to participate at this time, a replay of the call will be available through Tuesday, June 2, 2009 at (888) 203-1112 or (719) 457-0820. Enter the code 6904731 to access the audio replay. The webcast will also be archived on the Company's website: http://www.globalshiplease.com.

About Global Ship Lease

Global Ship Lease is a containership charter owner. Incorporated in the Marshall Islands, Global Ship Lease commenced operations in December 2007 with a business of owning and chartering out containerships under long-term, fixed rate charters to world class container liner companies.

Global Ship Lease currently owns 16 vessels and has contracts in place to purchase an additional three vessels. The Company has contracted to purchase one vessel for $82 million from CMA CGM expected to be delivered in July 2009. The Company also has contracts in place to purchase two newbuildings from German interests for approximately $77 million each which are expected to be delivered in the fourth quarter of 2010.

Once all of the contracted vessels have been delivered, Global Ship Lease will have a 19 vessel fleet with total capacity of 74,797 TEU and a weighted average age of 6.1 years. All of the vessels including those contracted for future delivery, are under long-term charters with an average remaining charter term of approximately 10 years.

For additional information regarding Global Ship Lease, please visit http://www.globalshiplease.com/.

Contacts: Investor and Media Contact: The IGB Group Tyler Wilson 646-673-9701