Certain common stock of danaos corporation are subject to a lock-up agreement ending on 20-feb-2020.

Certain common stock of danaos corporation are subject to a lock-up agreement ending on 20-feb-2020. these common stock will be under lockup for 91 days starting from 21-nov-2019 to 20-feb-2020. details: each of current executive officers and directors, other than george economou have agreed that, without the prior written consent of citigroup global markets inc. and jefferies llc, they will not, subject to certain limited exceptions, during the period ending 90 days after the date of the prospectus supplement offer, sell, contract to sell, pledge or otherwise dispose of (or enter into any transaction which is designed to, or might reasonably be expected to, result in the disposition (whether by actual disposition or effective economic disposition due to cash settlement or otherwise) by them or any of their affiliates or any person in privity with them or any of their affiliates) directly or indirectly, including the filing (or participation in the filing) of a registration statement with the sec in respect of, or establish or increase a put equivalent position or liquidate or decrease a call equivalent position within the meaning of section 16 of the exchange act with respect to, any shares of common stock or any securities convertible into, or exercisable for, shares common stock or publicly announce an intention to effect any such transaction.
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