GPRT.L Regulatory News (GPRT)

Goldenport Holdings Inc.

Athens, 6 November 2013

Goldenport Holdings Inc. (the "Company")

Circular to Shareholders and Notice of General Meeting

The Company announces that it is posting a circular and a Notice of General Meeting to Shareholders which contains details of a proposed transfer of its listing category on the Official List of the United Kingdom Listing Authority and on the Main Market of the London Stock Exchange plc from premium to standard ("Proposed Transfer").

Copies of the circular will be submitted to the National Storage Mechanism and will shortly be made available for viewing online at the following website address: www.hemscott.com/nsm.do

Capitalised terms used but not defined herein shall have the meanings ascribed to them in the circular.

The General Meeting will be held at Status Center, 41 Athinas Avenue, Vouliagmeni, Athens, Greece on Tuesday, 3 December at 3.30 p.m. Athens time (1.30 p.m. London time).

Background to the Proposed Transfer

Shareholders will be asked to vote on the Proposed Transfer of the Shares out of the "premium listing (commercial company)" category on the Official List and into the "standard listing" category.

As a company with its shares admitted to the premium segment of the Official List, the Company is subject to the "super-equivalent" provisions of the Listing Rules. In particular, under such provisions, the Company is required to comply with Chapters 10 and 11 of the Listing Rules relating to significant and related party transactions which include a requirement to seek prior shareholder approval in connection with significant and related party transactions, including acquisitions or disposals of assets, where the transaction exceeds certain class test thresholds calculated in accordance with Chapter 10 of the Listing Rules.

In order to help implement a number of its potential strategic initiatives more efficiently and cost-effectively it has become clear that the Company requires a greater degree of regulatory flexibility than it has at present.

Reasons for the Proposed Transfer

Since the Company's initial admission to the Official List and to trading on the Main Market of the London Stock Exchange on 5 April 2006, its market capitalisation has decreased significantly to currently approximately £41 million. Consequently, in view of the Company's current market capitalisation, the application of the class tests and, particularly, the consequent requirement to seek shareholder approval, extends to significantly more transactions than anticipated at admission. The restrictions resulting from a premium listing could sometimes result in limiting the Company's ability to execute transactions quickly and efficiently that would allow it to expand or reorganise its assets and operations and/or generate additional funding through disposals, as and when required. As a consequence of the need to seek shareholder approval in advance (by virtue of the size of a transaction) such transactions could be rendered impracticable or lost on the basis of time or cost or both.

The Company currently holds interests in both container vessels and dry-bulk carriers. The Board believes that in the current trading environment, dry-bulk carriers are relatively more attractive and is considering increasing its exposure in the dry-bulk sector and decreasing its exposure in the container sector and as a result, it may consider entering into a number of potential transactions, including with related parties, to further that objective, although it does not have any specific transactions under contemplation at present. However, the Board has not made, and does not anticipate or intend to make, any fundamental changes to the Company's business in connection with the Proposed Transfer of listing.

In addition, as a standard segment-listed company, administrative costs would be reduced generally and certain transactions could be completed in a shorter timescale and at a materially lower expense than at present. The Proposed Transfer will assist the Board in aligning its regulatory responsibilities and the associated costs thereof with the Company's size.

Implementation of the Proposed Transfer

Under the Listing Rules, the Proposed Transfer requires the Company first to obtain the approval of Shareholders by way of special resolution and the date of transfer of listing category must not be less than 20 business days thereafter. The Board proposes to apply as soon as possible for the transfer to be effected and so, subject to the passing of the Resolution, it is anticipated that the effective date of transfer will be 7 January 2014. The Shares will, on completion of the transfer, continue to be admitted to the Official List, but under the designation "standard listing" and will continue to be traded on the Main Market of the London Stock Exchange, but under the designation "Listed: Standard".

The Proposed Transfer to a standard listing will not affect the way in which Shareholders buy or sell Shares and, following the transfer, existing share certificates in issue in respect of Shares will remain valid.

Recommendation

The Board considers that the Proposed Transfer of listing category on the Official List from premium to standard is in the best interests of Shareholders as a whole.

Accordingly, the Board unanimously recommends that Shareholders vote in favour of the Resolution, as the Directors also intend to do in respect of their own holdings of Shares.

Expected timetable of principal events

1. All times shown in this document are London time unless otherwise stated

Copies of the circular, including the Notice of the General Meeting, will be available from the Company's website at www.goldenport.biz

- ENDS -

For further information, please contact

Goldenport Holdings Inc.:

John Dragnis, Chief Executive Officer +30 210 8910 500

Alexis Stephanou, Chief Investment Officer and Head of Investor Relations +30 210 8910 542

Investor Relations Coordinators:

Capital Link:

Ioanna Messini - London +44 203 206 1322

Nicolas Bornozis - New York +1 212 661 7566

E-mail: goldenport@capitallink.com

info@goldenport.biz

Further Information:

Overview of Goldenport

Goldenport is an international shipping company that owns and operates a fleet of container and dry bulk vessels that transport cargo worldwide. Goldenport is listed on the London Stock Exchange under the ticker GPRT.

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