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Blue Star Maritime (BSMD)

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Monday 31 March, 2008

Blue Star Maritime

Cancellation of Listing

Blue Star Maritime S.A.
31 March 2008


To London Stock Exchange                                         31st March 2008


Regulatory Announcement (via RNS)

Company: Blue Star Maritime S.A.
Official List Notice

Blue Star Maritime S.A.

Notice regarding the application for cancellation of secondary listing on the
International Order Book and cancellation of admission to trading on the London
Stock Exchange for listed securities.
          
     1.   Cancellation of secondary listing on the International Order Book.

          Blue Star Maritime S.A. has applied to have the securities of its 
          common stock delisted form the Official List of the UK Listing 
          Authority and to have the admission to trading on the London Stock 
          Exchange International Order Book for listed securities cancelled.

     2.   Reasons for delisting

          Blue Star Maritime S.A. has decided to request a delisting from the 
          Official List and the cancellation of the admission to trading of its 
          securities on the London Stock Exchange because (i) there is no 
          trading in the GDRs for more than one year and there is a limited 
          number of outstanding GDRs and (ii) Blue Star Maritime S.A. has 
          decided to terminate the GDR program. Blue Star Maritime S.A. believes 
          that delisting its securities from the Official List and canceling the
          admission to trading on the London Stock Exchange market for listed 
          securities will not adversely affect its shareholders and investors, 
          because the shares will continue to be listed on the Athens Stock 
          Exchange.

     3.   Date of cancellation

          It is anticipated that the cancellation of the listing and admission 
          to trading will take effect from 30th April 2008, being over 20 
          business days following the date of this announcement.


For any further information in relation to the requested cancellation please
contact Panayotis Papadodimas: tel: +302108919845, e-mail:
[email protected]


Spiros Paschalis        Michael Gialouris
For and on behalf of Blue Star Maritime S.A.


                      This information is provided by RNS
            The company news service from the London Stock Exchange                                                                                                                                                                                                                                                  

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