Seanergy Maritime Holdings Corp. Announces Receipt of Nasdaq Notice

News Release Seanergy Maritime Holdings Corp January 27, 2012

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January 27, 2012 - Athens, Greece -
Seanergy Maritime Holdings Corp. (the
“Company”) (NASDAQ: SHIP) announced
today it has received written notification
from The Nasdaq Stock Market (“Nasdaq”) dated January 24, 2012, indicating that
because the market value of the publicly held shares (“MVPHS”) of the Company’s
common stock for 30 consecutive business days, from December 6,
2011 to January
23, 2012, was below the minimum requirement of $5,000,000 for the
continued
listing on the Nasdaq Global Market, the Company is not in
compliance with Nasdaq
Listing Rule 5450(b)(1)(C). The applicable grace period to regain
compliance is 180
days. This notification has no effect on the listing of the
Company's common stock at
this time.
The Company intends to monitor the MVPHS of its common stock
between now and
July 23, 2012 and is considering its options in order to regain
compliance with the
Nasdaq Global Market MVPHS requirement.</DIV></BODY></HTML>