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04/07/2015Press Releases

SEANERGY MARITIME HOLDINGS CORP. REPORTS FINANCIAL RESULTS FOR THE FOURTH QUARTER AND TWELVE MONTHS ENDED DECEMBER 31, 2014

“Following our successful financial restructuring that was completed in 2014, we concluded another
transformational transaction with the acquisition of the Capesize M/V Leadership.

“Going forward the Company remains committed to its business plan, which is to grow its fleet on a
sustainable basis. The current prolonged market weakness has led to significantly lower asset prices
and we now have more opportunities for acquisitions at historically depressed values. We believe
that our long-standing relationships with several financial institutions, combined with our major
shareholder’s support, will allow us to grow our Company during the 30-year historical low point of
the cycle. Seizing the opportunity, I would like to reiterate our belief that since a large portion of the
overall returns in shipping relate to the timing and price of asset acquisitions, Seanergy represents a
unique platform and opportunity for growth in the dry bulk space with a clean balance sheet and no
debt.

“Turning to the financial results, in the twelve months ended December 31, 2014, Seanergy
reported net income of $80.3 million, which includes a non-cash restructuring gain that took place in
the first quarter of the year. The Company ended the fourth quarter of 2014 with $2.7 million in
shareholders’ equity and zero debt. ”
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