The Annual General Shareholders' Meeting of STRINTZIS LINES SHIPPING S.A. which took place today 3rd June, 2004, decided on the following matters:

1. Approval of the annual financial accounts and the annual consolidated financial accounts for the fiscal year 2003 and submission and approval of the reports of the Board of Directors.

2. Discharge of the Board of Directors and the Certified Auditors from any responsibility for the year 2003.

3. Approval of the distribution of profits and the payment of dividend of Euro 0,0362 per share and authorization of the Board of Directors to decide the ex-dividend date.

4. Approval of the Directors' fees.

5. Appointment of DRM STYLIANOU S.A., a member of RSM International as Certified Auditors for the year 2004.

6. Change of Name of the Company to BLUE STAR MARITIME S.A. and of the Distinctive Title of the Company to BLUE STAR GROUP.

7. Amendment of the articles 5,9,15 and 20 of the Articles of Incorporation and adjustment to the provisions of Law 3156/2003.

8. Approval of the equity contribution of the Company to the conversion cost of the vessel Blue Horizon.

Point 7 of the Agenda regarding the adjustment of share capital accounts through increase/decrease of par value of the shares, will be discussed in a Repeat General Meeting on 21st June, 2004.