Seanergy Maritime Holdings Corp. Announces Stamatis Tsantanis Will Succeed Dale Ploughman As New Chief Executive Officer
News Release
Seanergy Maritime Holdings Corp
September 24, 2012
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<P align=left>September 20, 2012 - Athens Greece – Seanergy Maritime Holdings
Corp. (the “Company”) (NASDAQ:</P>
<P align=left>SHIP announced today that Dale Ploughman will step down from the
position of the Chief Executive</P>
<P align=left>Officer of the Company and Stamatis Tsantanis has been appointed
as the Chief Executive Officer, to</P>
<P align=left>succeed Mr. Ploughman, effective as of October 1, 2012. Mr.
Tsantanis has also been appointed to the</P>
<P align=left>Board of Directors. Mr. Ploughman will continue to serve as the
Chairman of the Board and as a</P>
<P align=left>Director of the Company.</P></FONT></FONT><B><FONT size=3
face=Arial><FONT size=3 face=Arial>
<P align=left>Dale Ploughman, Chairman of the Board and Director commented:
</B></FONT></FONT><FONT size=3 face=Arial><FONT size=3 face=Arial>"I am proud of
our</P>
<P align=left>achievements in transforming Seanergy from a blank check company
into an established publicly</P>
<P align=left>traded dry bulk company. I would like to thank the Board, the
management team, and especially my</P>
<P align=left>colleagues for all their hard work and support over these
challenging years. While I have decided to</P>
<P align=left>pursue other endeavors, I will remain as the Company’s Chairman
and as a Director and assist where I</P>
<P align=left>can.”</P></FONT></FONT><B><FONT size=3 face=Arial><FONT size=3
face=Arial>
<P align=left>Christina Anagnostara, the Company’s Chief Financial Officer,
stated: </B></FONT></FONT><FONT size=3 face=Arial><FONT size=3 face=Arial>“The
Company’s Board and</P>
<P align=left>management thank Dale for his valuable contribution in steering
the Company from inception. In his</P>
<P align=left>time at the Company, Dale has been instrumental to our corporate
transformation and achievements.</P>
<P align=left>We are very pleased that he will continue to help guide the
Company as Chairman and Board member.</P>
<P align=left>We welcome Stamatis Tsantanis as our new CEO with the belief that
his business and financial</P>
<P align=left>background, as well as his capital markets experience will be
valuable assets to our Company.”</P>
<P align=left>Stamatis Tsantanis brings more than 14 years of experience in
shipping and finance and held senior</P>
<P align=left>management positions in prominent shipping companies. He served as
Group Chief Financial Officer of</P>
<P align=left>Target Marine S.A. from September 2008, responsible for its
corporate and financial strategy. Mr.</P>
<P align=left>Tsantanis previously served as the Chief Financial Officer and as
a Director of TOP Ships Inc. from its</P>
<P align=left>initial public offering and listing on Nasdaq in 2004 until
September 2008. Prior to that, he was an</P>
<P align=left>investment banker at Alpha Finance, a member of the Alpha Bank
Group, with an active role in a</P>
<P align=left>number of shipping corporate finance transactions. Mr. Tsantanis
holds a Masters degree in Shipping</P>
<P align=left>Trade and Finance from the City University Business School in
London, and a Bachelors degree in</P>
<P align=left>Shipping Economics from the University of
Piraeus.</P></FONT></FONT><B><FONT size=3 face=Arial><FONT size=3 face=Arial>
<P align=left>About Seanergy Maritime Holdings Corp.</P></B></FONT></FONT><FONT
size=3 face=Arial><FONT size=3 face=Arial>
<P>Seanergy Maritime Holdings Corp. is a Marshall Islands corporation with its
executive offices in Athens</P></FONT></FONT></DIV></BODY></HTML>
<HTML><HEAD><TITLE></TITLE>
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<DIV><FONT size=3 face=Arial><FONT size=3 face=Arial>
<P align=left>September 20, 2012 - Athens Greece – Seanergy Maritime Holdings
Corp. (the “Company”) (NASDAQ:</P>
<P align=left>SHIP announced today that Dale Ploughman will step down from the
position of the Chief Executive</P>
<P align=left>Officer of the Company and Stamatis Tsantanis has been appointed
as the Chief Executive Officer, to</P>
<P align=left>succeed Mr. Ploughman, effective as of October 1, 2012. Mr.
Tsantanis has also been appointed to the</P>
<P align=left>Board of Directors. Mr. Ploughman will continue to serve as the
Chairman of the Board and as a</P>
<P align=left>Director of the Company.</P></FONT></FONT><B><FONT size=3
face=Arial><FONT size=3 face=Arial>
<P align=left>Dale Ploughman, Chairman of the Board and Director commented:
</B></FONT></FONT><FONT size=3 face=Arial><FONT size=3 face=Arial>"I am proud of
our</P>
<P align=left>achievements in transforming Seanergy from a blank check company
into an established publicly</P>
<P align=left>traded dry bulk company. I would like to thank the Board, the
management team, and especially my</P>
<P align=left>colleagues for all their hard work and support over these
challenging years. While I have decided to</P>
<P align=left>pursue other endeavors, I will remain as the Company’s Chairman
and as a Director and assist where I</P>
<P align=left>can.”</P></FONT></FONT><B><FONT size=3 face=Arial><FONT size=3
face=Arial>
<P align=left>Christina Anagnostara, the Company’s Chief Financial Officer,
stated: </B></FONT></FONT><FONT size=3 face=Arial><FONT size=3 face=Arial>“The
Company’s Board and</P>
<P align=left>management thank Dale for his valuable contribution in steering
the Company from inception. In his</P>
<P align=left>time at the Company, Dale has been instrumental to our corporate
transformation and achievements.</P>
<P align=left>We are very pleased that he will continue to help guide the
Company as Chairman and Board member.</P>
<P align=left>We welcome Stamatis Tsantanis as our new CEO with the belief that
his business and financial</P>
<P align=left>background, as well as his capital markets experience will be
valuable assets to our Company.”</P>
<P align=left>Stamatis Tsantanis brings more than 14 years of experience in
shipping and finance and held senior</P>
<P align=left>management positions in prominent shipping companies. He served as
Group Chief Financial Officer of</P>
<P align=left>Target Marine S.A. from September 2008, responsible for its
corporate and financial strategy. Mr.</P>
<P align=left>Tsantanis previously served as the Chief Financial Officer and as
a Director of TOP Ships Inc. from its</P>
<P align=left>initial public offering and listing on Nasdaq in 2004 until
September 2008. Prior to that, he was an</P>
<P align=left>investment banker at Alpha Finance, a member of the Alpha Bank
Group, with an active role in a</P>
<P align=left>number of shipping corporate finance transactions. Mr. Tsantanis
holds a Masters degree in Shipping</P>
<P align=left>Trade and Finance from the City University Business School in
London, and a Bachelors degree in</P>
<P align=left>Shipping Economics from the University of
Piraeus.</P></FONT></FONT><B><FONT size=3 face=Arial><FONT size=3 face=Arial>
<P align=left>About Seanergy Maritime Holdings Corp.</P></B></FONT></FONT><FONT
size=3 face=Arial><FONT size=3 face=Arial>
<P>Seanergy Maritime Holdings Corp. is a Marshall Islands corporation with its
executive offices in Athens</P></FONT></FONT></DIV></BODY></HTML>