RECENT SHARE PRICE MOVEMENTS

Hellenic Carriers Limited

Press release 13 April 2016

RECENT SHARE PRICE MOVEMENTS

Hellenic Carriers Limited, (the "Company") (AIM: HCL), notes the recent substantial movement in its share price this week and knows of no reason for such movement. The Company has notified the market of the cancellation of the admission of the Company's ordinary shares to trading on the AIM market of London Stock Exchange, the last day of dealings in ordinary shares on AIM is 19 April 2016 and the date and time that the admission to trading on AIM will be cancelled is 07:00 am UK time on 20 April 2016.

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For further information please contact:

Hellenic Carriers Limited

Fotini Karamanli, Chief Executive Officer

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

Panmure Gordon (UK) Limited

Nominated Adviser & Broker

Andrew Godber +44 (0) 207 886 2500

Capital Link

Nicolas Bornozis +1 212 661 7566 (New York)

Maria Chercheletzi +44 (0) 20 3206 1322 (London)

E-mail: [email protected]

Further Information - Notes to Editors

About Hellenic Carriers Limited

Hellenic Carriers Limited operates through its subsidiaries a fleet of dry bulk vessels (one Panamax, two Supramax and two Kamsamax vessels with an aggregate carrying capacity of 340,055 dwt and a weighted average age of 10.4 years) that transport iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargoes worldwide.

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