Vessel Acquisition Agreement

Global Oceanic Carriers Limited (AIM:GOC), the AiM-listed Greek-based drybulk shipping company, today announces that it has entered into agreements to add two further vessels to its fleet and is proposing to enter into new ship management agreements for all of its fleet. Full details of the vessels, the terms of the acquisition, the ship management agreements and financing arrangements will be advised as soon as practicable.

The Company is also pleased to announce the appointment of Jefferies International Limited to act as its sole Nominated Adviser and Broker to the Company with immediate effect.