Acquisition of One Sub-Panamax Container Vessel

Goldenport Holdings Inc.

Athens, 4 November 2010

Acquisition of One Sub-Panamax Container Vessel

Goldenport Holdings Inc. ("Goldenport" or "the Company"), (LSE: GPRT) the international shipping company that owns and operates a fleet of container and dry bulk vessels announces that it has agreed to acquire the sub-panamax container vessel 'Clifton Bridge', with 47,539 MT deadweight and nominal intake of 3,720 TEU. The vessel was first delivered in 1988 to Kawasaki Heavy Industries Ltd., Japan and will be purchased from the unaffiliated third party Akashi Bridge Shipping S.A. of Panama, for an aggregate purchase price of US$ 8.1 million. The vessel will be delivered to Goldenport in April 2011, at which time further details of the charter contract to be entered into, will be announced.

The initial deposit of US$2.4 million was paid from cash reserves and the remaining balance is expected to be covered on delivery by the already agreed credit line held as restricted cash.

Captain Paris Dragnis, Chief Executive Officer of Goldenport, commented: "This acquisition strengthens further our position in our preferred segment of the container market. The 'Clifton Bridge' is a high spec, fuel efficient container vessel, with an excellent maintenance record and we expect the vessel to trade competitively for many more years under our management.

The vessel acquisition is in line with our strategy of enlarging our container fleet with well maintained second hand vessels. It is expected that the vessel will be accretive both to profitability and cash flow from delivery."

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Goldenport Holdings Inc.:

Christos Varsos, Chief Financial Officer +30 210 8910500

John Dragnis, Commercial Director +30 210 8910500

Investor Relations Coordinators:

Capital Link:

Annie Evangeli - London +44 203 206 1320

Nicolas Bornozis - New York +1 212 661 7566

E-mail: [email protected]

[email protected]

Further Information:

Overview of Goldenport

Goldenport is an international shipping company that owns and operates a fleet of twenty-six (including the above mentioned acquisition) container and dry bulk vessels that transport cargo worldwide. The fleet consists of twelve container vessels (including one new-build vessel with delivery scheduled for 2011) and fourteen dry bulk carriers (including five new-build vessels with deliveries scheduled for 2010 and 2011). Goldenport is listed on the London Stock Exchange under the ticker GPRT.

Website: www.goldenportholdings.com or www.goldenport.biz