The declaration and payment of any dividend is subject to the discretion of Seanergy's board of directors. The timing and amount of dividend payments will be in the discretion of Seanergy's board of directors and be dependent upon its earnings, financial condition, cash requirements and availability, fleet renewal and expansion, restrictions in its loan agreements, the provisions of Marshall Islands law affecting the payment of dividends to shareholders and other factors.

Seanergy's board of directors may review and amend its dividend policy from time to time in light of its plans for future growth and other factors.