Change of Adviser

Hellenic Carriers Limited

Press Release 15 June 2010

CHANGE OF ADVISER

Hellenic Carriers Limited, ("Hellenic" or the "Company") (AIM: HCL), an international provider of marine transportation services for dry bulk cargoes, announces that Panmure Gordon (UK) Limited has been appointed as nominated adviser and joint broker to the Company with immediate effect.

Jefferies International Limited will continue as joint broker.

ENDS 

For further information please contact:

Hellenic Carriers Limited

Fotini Karamanlis, Chief Executive Officer

E-mail: [email protected] +30 210 455 8900

Panmure Gordon (UK) Limited

Andrew Godber / Stuart Gledhill (Corporate Finance) +44 (0) 20 7459 3600

Tom Nicholson (Corporate Broking)

Jefferies International Limited

Anne Dovigen +44 (0) 20 7029 8000

Oliver Griffiths

Capital Link 

Ramnique Grewal +1 212 661 7566 (New York)

Annie Evangeli +44 (0) 20 3206 1320 (London)

E-mail: [email protected] 

Further Information - Notes to Editors

About Hellenic Carriers Limited

Hellenic Carriers Limited manages through Hellenic Shipmanagement Corp. a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargoes worldwide. Currently the fleet consists of six vessels, comprising four Panamaxes, one Supramax and one Handymax with an aggregate carrying capacity of 372,742 dwt.

Following the delivery of the "Hellenic Breeze" to her new owners, the Company will manage through Hellenic Shipmanagement Corp. three Panamaxes, one Supramax and one Handymax with an aggregate carrying capacity of 303,141 dwt and a weighted average age of 12.2 years (as of 8 June 2010) .