Scrip Dividend Reference Price

Goldenport Holdings Inc.

Athens, 21 March 2011

Scrip Dividend Reference Price

Goldenport Holdings Inc. ('Goldenport' or the 'Company'), (LSE: GPRT) announces that the scrip dividend reference price for the fully paid shares of common stock of USD 0.01 each to be issued to shareholders who elect to receive the scrip dividend alternative for the final dividend for the year ended 31 December 2010 will be 110.30 pence per share.

The reference price is calculated as the average of the mid-market price for the Company's shares for the five consecutive dealing days commencing on 9 March 2011, being the Company's Ex-Dividend Date for the 2010 final dividend.

A shareholder electing for the scrip dividend alternative rather than cash would receive one new share for approximately every 30.64 shares registered in their name on the Record Date. A balancing cash payment will be made for any fractions of new shares that would be received under the scrip dividend alternative on which no election is possible.

The detailed terms of the scrip dividend option for the 2010 final dividend will be set out the circular to be sent to shareholders on or around 30 March 2011.

The opportunity to elect to receive the scrip dividend in place of the cash dividend is not being offered to any person who is, or whom the Company believes is, resident in the United States of America, Canada, Australia, South Africa or Japan or their respective territories or possessions (subject to applicable exemptions) or in any jurisdiction outside the United Kingdom where the offer requires compliance by the Company with any governmental or regulatory procedures or any similar formalities. Further details related to the eligibility of shareholders to elect to accept the scrip dividend option will be set out in the circular.

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For further information, please contact:

Goldenport Holdings Inc.:

Eleftheria Savvidaki, Company Secretary +30 210 8910500

Christos Varsos, Chief Financial Officer +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 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 three new-build vessels with deliveries scheduled for 2011). Goldenport is listed on the London Stock Exchange under the ticker GPRT.

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