FOR IMMEDIATE RELEASE
NewLead Holdings Ltd. Announces 1-for-12 Reverse Split of
PIRAEUS, GREECE, July 27, 2010 — NewLead Holdings Ltd. (NASDAQ: NEWL) (“NewLead” or the
“Company”) today announced that a 1-for-12 reverse stock split of its common shares has been approved by
the Company’s Board of Directors and by written consent of a majority of shareholders, effective upon the
opening of the markets on August 3, 2010.
The reverse split will consolidate every 12 common shares into one common share, par value of $0.01 per share.
The number of authorized common shares and preferred shares of NewLead will not be affected by the reverse
split. In respect to the underlying common shares associated with any derivative securities, such as warrants,
options and convertible notes, the conversion and exercise prices and number of common shares issued will be
adjusted in accordance to the 1:12 ratio. As a result of the reverse stock split, the number of common shares of
the Company’s common shares outstanding will be reduced from 88,363,265 to approximately 7,363,605
shares, subject to rounding up of all fractional shares to the nearest whole share.
The reverse split will allow the Company to maintain its listing on the NASDAQ Global Select Market by
maintaining compliance with the minimum bid requirement for continued listing. The transaction will also establish
a higher market price for the Company’s common shares and reduce per share transaction fees as well as certain
NewLead has retained its transfer agent, Computershare, to act as exchange agent for the reverse stock split.
After the reverse split takes effect, shareholders will receive information from Computershare regarding the
process for exchanging their common shares. Computershare will notify shareholders of record that hold physical
certificates as of the effective time to transmit outstanding share certificates, and, unless requested, will
subsequently issue new book entry stateme