Transaction in Own Shares

Goldenport Holdings Inc.

Athens, 18 October 2011

Transaction in own shares

Goldenport Holdings Inc. ("Goldenport" or "the Company"), (LSE: GPRT) announces that on 14 October 2011 it purchased through Panmure Gordon (UK) Limited 9,433 of its ordinary shares of US$0.01 each ("Shares") at a price per Share of 72.25 pence. Following the purchase, the Company holds 229,298 Shares in treasury and has 91,059,256 Shares in issue (excluding Shares held in treasury).

The above figure of 91,059,256 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.

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For further information, please contact

Goldenport Holdings Inc.:

Christos Varsos, Chief Financial Officer +30 210 8910500

Panmure Gordon (UK) Limited:

Ross Penney +44 207 459 3600

Brett Jacobs

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 and fourteen dry bulk carriers. Goldenport is listed on the London Stock Exchange under the ticker GPRT.

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