TIDMHCL

RNS Number : 4685N

Hellenic Carriers Limited

09 September 2013

Hellenic Carriers Limited

Press Release 9 September 2013

AGREEMENT TO ACQUIRE ONE SECOND HAND SUPRAMAX VESSEL

Hellenic Carriers Limited, ("Hellenic" or the "Company") (AIM: HCL), an international provider of marine transportation services for dry bulk cargoes, announces the agreement of acquisition by one of its subsidiaries from an unaffiliated third party of one geared 52,388dwt Supramax vessel built at Tsuneishi Shipbuilding Corporation, Japan in 2004 at the price of US$16.16 million in cash.

The vessel will be financed by one of the existing bank facilities in place after the sale of the older Panamax units in 2012 as well as existing cash reserves.

The vessel is expected to be delivered to her new owners during Q4 2013.

- ENDS -

For further information please contact:

Hellenic Carriers Limited

Fotini Karamanli, Chief Executive Officer

   E-mail: info@hellenic-carriers.com                                                 +30 210 455 8900

Panmure Gordon (UK) Limited

Andrew Godber +44 (0) 20 7886 2500

Charles Leigh-Pemberton

Capital Link

Nicolas Bornozis +1 212 661 7566 (New York)

Ioanna Messini +44 (0) 20 3206 1322 (London)

E-mail: helleniccarriers@capitallink.com

Further Information - Notes to Editors

About Hellenic Carriers Limited

Hellenic Carriers Limited owns and operates through its subsidiaries a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargoes worldwide. The fleet consists of four vessels, comprising one Panamax, one Supramax, one Handymax and one Kamsarmax with an aggregate carrying capacity of 250,778 dwt and a weighted average age of 12.1 years. A Kamsarmax new building vessel is under construction, with a carrying capacity of about 82,000 dwt scheduled for delivery in September/October 2013.

Hellenic Carriers is listed on the AIM of the London Stock Exchange under ticker HCL.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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