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News Release

August 5, 2011

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Goldenport Holdings Inc. Announces its Trading Update

News Release Goldenport Holdings, Inc. August 5, 2011
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<P class=ca><SPAN class=by>Athens, 4 August 2011</SPAN></P>
<P class=cc><SPAN class=bu>TRADING UPDATE</SPAN></P>
<P class=cd><SPAN class=v>Goldenport Holdings Inc. ("Goldenport" or "the
Company"), (LSE: GPRT) the international shipping company that owns and operates
a fleet of container&nbsp;and dry bulk&nbsp;vessels, </SPAN>announces today the
update on the fleet forward coverage as of 3 August 2011.</P>
<P class=ce><SPAN class=by>Operational Fleet Forward Coverage: </SPAN></P>
<P class=cf><SPAN class=by>The percentage of available days of the fleet already
fixed under contracts as of 3 August 2011, assuming the <SPAN
class=bl>earliest</SPAN> charter expiration and without the exercise of
charterers' options for extension, is as follows: </SPAN></P>
<TABLE style="WIDTH: 547px" class=cg cellSpacing=0 cellPadding=0>
<TBODY>
<TR class=be>
<TD style="WIDTH: 42%" class=bj vAlign=bottom>
<P class=a><SPAN class=bk><BR></SPAN></P></TD>
<TD style="WIDTH: 22%" class=bh vAlign=bottom>
<P class=ch><SPAN style="FONT-WEIGHT: bold"><SPAN
class=bk>2011</SPAN></SPAN><SPAN style="FONT-WEIGHT: bold"><SUP><SPAN
class=bk>(1) </SPAN></SUP></SPAN></P></TD>
<TD style="WIDTH: 16%" class=bg vAlign=bottom>
<P class=ch><SPAN style="FONT-WEIGHT: bold"><SPAN
class=bk>2012</SPAN></SPAN><SPAN style="FONT-WEIGHT: bold"><SUP><SPAN
class=bk> (1)</SPAN></SUP></SPAN></P></TD>
<TD style="WIDTH: 18%" class=bf vAlign=bottom>
<P class=ch><SPAN style="FONT-WEIGHT: bold"><SPAN
class=bk>2013</SPAN></SPAN><SPAN style="FONT-WEIGHT: bold"><SUP><SPAN
class=bk> (1) </SPAN></SUP></SPAN></P></TD></TR>
<TR class=be>
<TD style="WIDTH: 42%" class=bj vAlign=bottom>
<P class=a><SPAN class=bk>Total Fleet</SPAN></P></TD>
<TD style="WIDTH: 22%" class=bh vAlign=bottom>
<P class=ch><SPAN class=bk>90% (85%) </SPAN></P></TD>
<TD style="WIDTH: 16%" class=bg vAlign=bottom>
<P class=ch><SPAN class=bk>32% (33%) </SPAN></P></TD>
<TD style="WIDTH: 18%" class=bf vAlign=bottom>
<P class=ch><SPAN class=bk>10% (11%) </SPAN></P></TD></TR>
<TR class=be>
<TD style="WIDTH: 42%" class=bj vAlign=bottom>
<P class=a><SPAN class=bk>Containers</SPAN></P></TD>
<TD style="WIDTH: 22%" class=bh vAlign=bottom>
<P class=ch><SPAN class=bk>99% (99%)</SPAN></P></TD>
<TD style="WIDTH: 16%" class=bg vAlign=bottom>
<P class=ch><SPAN class=bk>47% (47%) </SPAN></P></TD>
<TD style="WIDTH: 18%" class=bf vAlign=bottom>
<P class=ch><SPAN class=bk>5% (5%)</SPAN></P></TD></TR>
<TR class=be>
<TD style="WIDTH: 42%" class=bj vAlign=bottom>
<P class=a><SPAN class=bk>Bulk Carriers</SPAN></P></TD>
<TD style="WIDTH: 22%" class=bh vAlign=bottom>
<P class=ch><SPAN class=bk>81% (71%) </SPAN></P></TD>
<TD style="WIDTH: 16%" class=bg vAlign=bottom>
<P class=ch><SPAN class=bk>18% (20%)</SPAN></P></TD>
<TD style="WIDTH: 18%" class=bf vAlign=bottom>
<P class=ch><SPAN class=bk>14% (15%) </SPAN></P></TD></TR></TBODY></TABLE>
<P class=h><SPAN class=bo></SPAN>&nbsp;</P>
<P class=cf><SPAN style="FONT-WEIGHT: bold"><SUP><SPAN class=bc>(1)
</SPAN></SUP></SPAN><SPAN class=bb>Percentage of available days of the fleet
fixed under contract as reported on 17 May 2011, being the date of the previous
trading update, is given in brackets</SPAN></P>
<P class=ci><SPAN class=bu>CEO Statement:</SPAN></P>
<P class=cf><SPAN class=by>Captain Paris Dragnis, Founder and Chief Executive
Officer of Goldenport commented: </SPAN></P>
<P class=cf><SPAN class=by>"Following the delivery of our last two remaining new
building vessels, we have now successfully completed our initial new building
program that commenced in 2007 and this has been achieved without sacrificing
the strength of our balance sheet. Moving forward the Company is now in position
to utilise an expanded and modern fleet optimising our ability to serve the
transportation requirements of our customers. The extended life and high quality
of our asset base improves our operational and revenue generation capabilities
and enhances long-term shareholder value.</SPAN></P>
<P class=cf><SPAN class=by>"The present market environment, with a weaker dry
bulk and a healthier container market, validates our business model of operating
in both market segments as well as our strategy to seek predominantly fixed
employment for our fleet, as it enhances our overall cash flow stability and our
ability to take advantage of any market opportunities that may arise in either
segment.</SPAN></P>
<P class=cf><SPAN class=by>"Our mixed fleet strategy partially insulates us from
the weakness in the bulker rates with our containers fleet coverage being 99%
for 2011. This allows us to safeguard the value we have created for our
shareholders, which it is still within our fleet dynamics, but is not currently
reflected in the share price. It also provides upside potential as we can
benefit from the improved container rates for our vessels opening up for
rechartering in late 2011 and early 2012. </SPAN></P>
<P class=cf><SPAN class=by>"We continue to closely monitor the developments in
our industry as we believe the weak freight market in the bulk carriers segment
may offer us acquisition opportunities at reduced prices. On the other hand, the
healthier rates evidenced in the container market may allow for acquisitions
that can provide better current yields."</SPAN></P>
<P class=cc><SPAN class=by>INTERIM RESULTS ANNOUNCEMENT</SPAN></P>
<P class=cd>The Company's Interim Results for the six months ended 30 June 2011
are expected to be announced on Wednesday 31 August 2011.</P>
<P class=cd><SPAN class=aw></SPAN>&nbsp;</P></DIV></BODY></HTML>