Sea Star to consider foreign listing

The Board of Sea Star Capital (SEAS.CY) has made a proposal for the listing of the company's stock in foreign markets, following the completion of the first Share Capital increase scheduled for the end of September 2008, provided that the latter will be approved by the extraordinary General Assembly of June, 5th 2008.

The company considers that this listing will enhance foreign and institutional investors’ ability to trade company stock whereas the Athens Stock Exchange might be the one of those markets.

Sea Star Capital Plc is a holding company with interests in shipping and ship-management. It holds participations in shipping companies with operations in the Aegean, Adriatic Sea and North Africa. Sea Star Capital Plc currently holds 32,5% of ANEK and 36,5% of Hellenic Sea Ways S.A. ANEK, a listed company on the Athens Stock Exchange, operates a fleet of 11 owned ferry vessels and has a strong presence in the Aegean and Adriatic Sea. Hellenic Sea Ways S.A. operates a fleet of 34 owned ferries and Ro/Ro vessels covering destinations to most Aegean Islands and the Adriatic.