BLUE STAR MARITIME S.A.

Restructure of the Board of Directors

The Board of Directors of Blue Star Maritime SA convened today and accepted the resignation of Non-Executive and Independent Board Member Mr D.Klados and replaced him with Mr George Karistinos.
In the same session, the Board proceeded in the assignment of offices and responsibilities to its Members as follows:
- Charalambos S. Paschalis - Chairman - Non- Executive Member
- Michael G. Gialouris - Vice-Chairman - Executive Member
- Michael G. Sakellis - Managing Director - Executive Member
- Spiros Ch. Paschalis - Authorised Director - Executive Member
- Pericles S.Panagopulos - Director - Executive Member
- Alexander P. Panagopulos - Director - Executive Member
- Antony D. Stintzis - Director - Executive Member
- Emmanuel E. Kalpadakis - Director - Independent - Non- Executive Member
- George N. Karistinos - Director - Independent - Non-Executive Member