Hellenic Carriers Limited (AIM: HCL) owns and operates a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargoes worldwide. Its current fleet consists of four vessels, comprising three Panamaxes and one Handymax. The Company has also contracted to acquire a Supramax vessel with expected delivery between 1 March and 30 April 2008 and a Panamax vessel with expected delivery between 1 March and May 31 2008.

Including the new Supramax and Panamax vessels to be delivered, Hellenic's fleet has an aggregate carrying capacity of 372,761 dwt and an average age of 12.9. The company's chartering strategy is focused on generating predictable cash flows predominantly through the employment of its vessels under medium to long term time charters. Hellenic is listed on the AIM of the London Stock Exchange under ticker HCL. Jefferies International Limited is acting as nominated adviser and broker to the Company.

Additional information may be found at www.hellenic-carriers.com.