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07/15/2015Press Releases

SEANERGY MARITIME HOLDINGS CORP. REPORTS FINANCIAL RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2015

“In the first quarter of 2015 we re-launched our shipping operations with the acquisition of the Capesize M/V Leadership, which we took delivery on March 19, 2015. We believe that the acquisition of the M/V Leadership took place at the low part of the dry-bulk shipping cycle of the last 10-years. In addition, the Company is fully committed to its business plan, which is to grow its fleet on a sustainable basis. More specifically, we are actively reviewing the market in order to pursue suitable vessel acquisitions from both unaffiliated third parties and from our Sponsor.

“The dry bulk market is gradually recovering from the low point of the cycle of the last 30 years. Our belief is that Seanergy represents a unique platform and opportunity for growth in this historic timing.”

“Turning to the financial results, the Company ended the first quarter of 2015 with $19.8 million in total assets, $6.5 million in shareholders’ equity and $1.8 million in cash and cash equivalents.”
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