HCL.L Regulatory News (HCL)

Hellenic Carriers Limited

Press Release 26 January 2015

"HCL" or the "Company"

Directors Dealings

The Company received notification on 23rd January 2015 that on 21st January 2015 Fotini Karamanlis, the Company's Chief Executive Officer, acquired an interest in an additional 11,957,179 ordinary shares of US$0.001 each in the Company ("Ordinary Shares") by virtue of acquiring 50% of the issued share capital of Corpus Holdings Inc. (which holds 10,643,960 Ordinary Shares) and 50% of the issued share capital of Pandinia Trading Limited (which holds 1,313,219 Ordinary Shares) for nil consideration. Following this transfer of Ordinary Shares Fotini Karamanlis is deemed to be interested in 22,601,139 Ordinary Shares representing 49.55% of the voting rights in the Company, of which 11,957,179 Ordinary Shares, representing 26.212% of the voting rights in the Company, are the same Ordinary Shares which Niki Karamanlis is deemed interested in, as described in more detail below.

Share Dealings by Significant Shareholders

The Company also received notification on 23rd January 2015 that on 21st January 2015 Niki Karamanlis acquired an interest in an additional 11,957,179 Ordinary Shares by virtue of acquiring the remaining 50% of the issued share capital of Corpus Holdings Inc. and the remaining 50% of the issued share capital of Pandinia Trading Limited. Following this acquisition Niki Karamanlis is deemed to be interested in 22,601,140 Ordinary Shares representing 49.55% of the voting rights in the Company, of which 11,957,179 Ordinary Shares representing 26.212% of the voting rights in the Company are the same Ordinary Shares which Fotini Karamanlis is deemed interested in, as described above.

The Company also received notification on 23rd January 2015 that on 21st January 2015, Konstantinos Karamanlis disposed of his 100% interest in Corpus Holdings Inc. and in Pandinia Trading Limited and is therefore no longer interested in the 11,957,179 Ordinary Shares, representing 26.212% of the voting rights in the Company, held by those companies. Following this disposal, Konstantinos Karamanlis is no longer interested in any Ordinary Shares of the Company.

The share dealings referred to in this announcement were carried out as a consequence of Konstantinos Karamanlis' decision to pursue a political career and to stand for election to the Greek parliament.

The Company has been informed that Corpus Holdings Inc. will continue to exercise its voting rights in the Company in concert with Faith Holdings Inc. and Bedat Holdings Limited.

The Company's Relationship Agreements and Articles of Association will be amended in due course to reflect these changes in shareholdings. The amendments to the Articles of Association are expected to be proposed at the Company's next Annual General Meeting.

For further information please contact:

Hellenic Carriers Limited

Fotini Karamanli, Chief Executive Officer

E-mail: info@hellenic-carriers.com +30 210 455 8900

Charles Stanley Securities

Nominated Adviser & Broker

Mark Taylor +44 (0) 207 149 6000

Carl Holmes +44 (0) 207 149 6000

Capital Link 

Nicolas Bornozis +1 212 661 7566 (New York)

Maria Chercheletzi +44 (0) 20 3206 1322 (London)

E-mail: helleniccarriers@capitallink.com

Further Information - Notes to Editors

About Hellenic Carriers Limited

Hellenic Carriers Limited owns and trades through its subsidiaries a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargoes worldwide. The fleet consists of six vessels, comprising two Kamsarmax, one Panamax, two Supramax and one Handymax vessels with an aggregate carrying capacity of 384,864 dwt and a weighted average age of 11.0 years.

Hellenic Carriers is listed on the AIM of the London Stock Exchange under ticker HCL.