Hellenic Carriers : OFFER UNCONDITIONAL

da9524be-931f-45e6-bea0-652e2e84c30f.pdf Hellenic Carriers Limited Press Release 30 June 2016 THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION. RECOMMENDED CASH OFFER BY FAITH HOLDINGS INC. FOR THE ENTIRE ISSUED SHARE CAPITAL OF HELLENIC CARRIERS LIMITED

OFFER UNCONDITIONAL

Introduction

On 25 May 2016, Hellenic Carriers Limited (the Company) announced a recommended offer (Offer) from Faith Holdings Inc. (Faith Holdings) for the entire issued and to be issued share capital of the Company which Faith Holdings does not already own.

The full terms and conditions of the Offer and the procedure for acceptance were set out in the offer document dated and posted to shareholders on 25 May 2016 (Offer Document).

Level of acceptances

As at 13:00 (London time) on 30 June 2016, Faith Holdings has received valid acceptances from the Company's shareholders in respect of 28,118,556 shares in the Company (representing 61.6% of the entire issued share capital of the Company), all of which count towards satisfaction of the acceptance condition to the Offer.

In addition, Faith Holdings has obtained irrevocable undertakings to accept or procure the acceptance of the Offer from certain shareholders in respect of a total of 4,017,814 shares of the Company (representing 8.8% of the entire issued share capital of the Company).

The above valid acceptances and irrevocable undertakings to accept the Offer represent approximately a total 92% of the number of the shares of the Company to which the Offer relates.

Faith Holdings has decided to declare the Offer unconditional in all respects.

Extension of Offer

The Offer is being extended and will remain open for acceptance until 13:00 (London time) on 15 July 2016 or such later time/date as Faith Holdings may determine in its sole discretion.

Full details of how to accept the Offer are set out in the Offer Document. Shareholders of the Company who have not yet accepted the Offer are encouraged to do so in accordance with the instructions in the Offer Documents.

Enquiries

For further information, please contact: Hellenic Carriers Limited

Kalliroi Mitropoulou, Company Secretary

Email: [e-mail] Tel: [phone]

This announcement is for information purposes only and is not intended to and does not constitute or form part of, an offer to buy or invitation to sell or the solicitation of an offer to subscribe for any securities or the solicitation of any vote or approval in any jurisdiction pursuant to the Offer or otherwise, nor shall there be any sale, issuance or transfer of securities of the Company in any jurisdiction in contravention of applicable law.

Publication on website

A copy of this announcement will be made available for inspection on the Company's website at www.hellenic-carriers.com. For the avoidance of doubt, the content of the website referred to above is not incorporated into and does not form part of this announcement.