Sale of a Bulk Carrier

Goldenport Holdings Inc.

Athens, 7 December 2012

Sale of a Bulk Carrier

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 concluded the sale of the 1992-built bulk carrier 'Limnos', to an unaffiliated third party "Thrive Allied Limited" of Tortola, British Virgin Islands, for a cash consideration of US$ 5.7 million. The vessel was delivered to the new owners on 6 December 2012.

Goldenport expects to realize a book loss of US$ 2.7 million, after accounting for brokerage commission, book value and the unamortized balance of dry-docking expenditure.

The vessel was initially acquired in 2004 for a total consideration of US$18.8 million and has traded successfully for the Company over the last nine years.

Goldenport will utilize the proceeds to increase liquidity. The Company continues to review the market for accretive vessel acquisitions.

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For further information, please contact

Goldenport Holdings Inc.:

John Dragnis, Chief Executive Officer +30 210 8910500

Konstantinos Kampanaros, Interim Chief Financial Officer +30 210 8910500

Investor Relations Coordinators:

Capital Link:

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 (following the sale mentioned above) a fleet of twenty-one container and dry bulk vessels that transport cargo worldwide. The fleet consists of eleven container vessels and ten dry bulk carriers. Goldenport is listed on the London Stock Exchange under the ticker GPRT.

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