Blue Star Maritime S.A., (the Company), pursuant to the provisions of Law 3340/2005 and the Law 3556/2007, the Decision 1/434/03.07.2007 and the Circular nr. 33 of the Hellenic Capital Market Commission, announces that ?MARFIN INVESTMENT GROUP HOLDINGS S.A.?, which is closely associated to the Director, Independent, Non-Executive member of the Board of Directors Mr. Alexander Edipidis, bought shares of the Company as follows:

a) on 22.10.2008 bought 32,200 shares with total value of Euro 70,932.17 and
b) on 23.10.2008 bought 27,863 shares with total value of Euro 58,374.33.