ATHENS, Greece, August 5, 2014 – STEALTHGAS INC.
(Nasdaq:GASS), a ship-owning company primarily serving the liquefied petroleum
gas (LPG) sector of the international shipping industry, announced today that
it has priced an underwritten registered offering of 3,500,000 shares of its
common stock, at an offering price of $10.00 per share for gross proceeds,
before estimated expenses payable by StealthGas Inc., of approximately $35.0
million. The shares were placed with several institutional investors, in
addition to entities affiliated with the family of StealthGas Inc.’s President
and Chief Executive Officer.