Star Bulk Updates on Company’s Share Repurchase Plan
News Release
Star Bulk Carriers Corp.
April 27, 2012
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<P style="TEXT-ALIGN: justify; MARGIN-BOTTOM: 12pt"><STRONG>ATHENS, GREECE,
April 26, 2012</STRONG> - <STRONG>Star Bulk Carriers Corp.</STRONG> (the
"Company” or "Star Bulk”) (Nasdaq: SBLK), a global shipping company focusing on
the transportation of dry bulk cargoes by sea, announced today that the Company
has repurchased approximately 600,000 shares of its common stock up to April
25<SUP>th</SUP> 2012.<SPAN style="mso-spacerun: yes"> </SPAN>These repurchases
were made under its previously announced share repurchase plan of up to $30
million, which was authorized in 2010 and expires on December 31, 2012. The
Company plans to cancel these shares from its outstanding share capital on or
about May 4, 2012. <?xml:namespace prefix = o ns =
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<P style="TEXT-ALIGN: justify; MARGIN-BOTTOM: 12pt"><SPAN
style="FONT-SIZE: 10pt">The Company intends to continue acquiring its common
shares in the open market at prices and amounts in its sole discretion.
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<DIV><SPAN style="FONT-SIZE: 10pt">
<P style="TEXT-ALIGN: justify; MARGIN-BOTTOM: 12pt"><STRONG>ATHENS, GREECE,
April 26, 2012</STRONG> - <STRONG>Star Bulk Carriers Corp.</STRONG> (the
"Company” or "Star Bulk”) (Nasdaq: SBLK), a global shipping company focusing on
the transportation of dry bulk cargoes by sea, announced today that the Company
has repurchased approximately 600,000 shares of its common stock up to April
25<SUP>th</SUP> 2012.<SPAN style="mso-spacerun: yes"> </SPAN>These repurchases
were made under its previously announced share repurchase plan of up to $30
million, which was authorized in 2010 and expires on December 31, 2012. The
Company plans to cancel these shares from its outstanding share capital on or
about May 4, 2012. <?xml:namespace prefix = o ns =
"urn:schemas-microsoft-com:office:office" /><o:p></o:p></P>
<P style="TEXT-ALIGN: justify; MARGIN-BOTTOM: 12pt"><SPAN
style="FONT-SIZE: 10pt">The Company intends to continue acquiring its common
shares in the open market at prices and amounts in its sole discretion.
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