Directorate Change

29 May 2014

Hellenic Carriers Limited

Directorate Change

Hellenic Carriers Limited, ("Hellenic" or the "Company") (AIM: HCL) announces the appointment of Mr. Alkis Papadopoulos, as new Chief Financial Officer of the Company. Mr. Papadopoulos will join the Board of Directors with effect from 1st June 2014.

Elpida Kyriakopoulou is resigning from the position of Chief Financial Officer due to family relocation and is stepping down as a Director of the Company with effect from 31st May 2014.

Mr. Alkis Papadopoulos, (aged 41), was previously employed with Ernst & Young from 2001 and since 2007 held the position of Senior Manager in the Shipping Industry Group, involved in the IPO preparation and auditing of shipping companies listed in the UK and US stock exchanges. Mr. Papadopoulos is a member of the Institute of Chartered Accountants in England and Wales (ICAEW) since 1998. Mr. Papadopoulos does not hold, nor has he held, any other directorships in the previous five years.

The Board expresses its gratitude to Mrs. Kyriakopoulou for her contribution to the Company since 2008 and wishes her well in her future life and career. The Board also welcomes Mr. Papadopoulos to the Company.

Save for the declarations above, there is no further information to be disclosed under Rule 17 or Schedule Two paragraph (g) of the AIM Rules for Companies.

- ENDS -

For further information please contact:

Hellenic Carriers Limited

Fotini Karamanli, Chief Executive Officer

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

Charles Stanley Securities

Nominated Adviser & Broker

Mark Taylor +44 (0) 207 149 6000

Carl Holmes +44 (0) 207 149 6000

Capital Link

Nicolas Bornozis +1 212 661 7566 (New York)

Christina Daouti +44 (0) 20 3206 1320 (London)

E-mail: [email protected]

Further Information - Notes to Editors

About Hellenic Carriers Limited

Hellenic Carriers Limited owns and trades through its subsidiaries a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargoes worldwide. The fleet consists of six vessels, including one Panamax, two Supramax, one Handymax and two Kamsarmax vessels with an aggregate carrying capacity of 384,864 dwt and a weighted average age of 10.3 years.

Hellenic Carriers is listed on the AIM of the London Stock Exchange under ticker HCL.