Mr. Stathis Gourdomichalis, CFO and Treasurer, Ion Varouxakis, CEO and Secretary and Mr. George Gourdomichalis, Chairman and President, FreeSeas Inc.,
Ring The NASDAQ Stock Market Closing Bell

Friday, March 17, 2006
at NASDAQ's MarketSite
in New York City.

FreeSeas Inc.

Mr. George Gourdomichalis, Chairman and President, Ion Varouxakis, CEO and Secretary and Mr. Stathis Gourdomichalis, CFO and Treasurer of FreeSeas Inc. preside over the closing bell to celebrate its initial public offering.

Click for larger pictures of the NASDAQ MarketSite. Additional Photographs for 3/17/2006 Download Hi-Res Quality Photo of this NASDAQ Market Close - Pictured: Ion Varouxakis, CEO and Secretary, FreeSeas Inc., signs in at the Closing Bell. These photos are Copyright 2006, The Nasdaq Stock Market Inc. and available for re-publication by the news media only. Any commercial use is strictly prohibited without the prior written consent of The Nasdaq Stock Market Inc. © Copyright 2006, The NASDAQ Stock Market, Inc. Reprinted with the permission of The Nasdaq Stock Market, Inc.