AGM RESULTS

News Release Hellenic Carriers Limited June 1, 2012

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Press Release 31 May 2012
Hellenic Carriers Limited, (“Hellenic” or the
“Company”) (AIM: HCL), an international provider of marine
transportation services for dry bulk cargoes, announces that at
their Annual General Meeting held
yesterday on 30 May 2012 in Athens, all resolutions, mentioned
below, were duly passed.
The issued share capital as of 30 May 2012 is 45,616,851 shares of
US$0.001 each with voting rights.
Ordinary Resolutions
1. That the Company’s accounts and the reports of the Directors
and Auditors for the year ended 31
December 2011 be approved and adopted.
2. That Graham Stanley Roberts, being eligible for re-election, be
re-elected as a Director of the
Company.
3. That Charlotte Maria Ypatia Stratos, being eligible for
re-election, be re-elected as a Director of the
Company.
4. That Ernst & Young be reappointed as Auditors of the
Company to hold office until the conclusion
of the next annual general meeting of the Company and that their
remuneration be fixed by the
Directors.
Special Resolution
5. That, pursuant to Article 3.16 of the Articles of Association
of the Company, the Board of Directors
be granted a general authority to issue further shares in the
share capital of the Company at their
sole discretion and without reference to pre-emption rights, by
way of general mandate. The
general mandate hereby granted shall expire at the conclusion of
the next annual general meeting
of the Company and shall be limited to a total amount of shares
not exceeding 50% of the number
of shares of the Company in issue as at the date the general mandate is
granted.</DIV></BODY></HTML>