Termination of Sentinel Holdings Inc JV

Goldenport Holdings Inc.

Athens, 22 May 2015

Termination of Sentinel Holdings Inc JV

Goldenport Holdings Inc. ("Goldenport" or "the Company"), (LSE: GPRT) the international shipping company that owns and operates a fleet of dry bulk and container vessels, announces today the termination of the Sentinel Holdings Inc. ("Sentinel") JV with Topley Corporation ("Topley").

The Company and Topley, a subsidiary of Glencore International AG, agreed the termination of the Sentinel JV and the transfer of the 50% interest held by Topley to the Company for a token consideration of US$1. As a result of this agreement, the Company is assuming 100% ownership of M/V Alpine Trader and M/V Ermis that have been owned by the JV since their construction in 2009.

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Goldenport Holdings Inc.

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