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Blue Star Maritime (BSMD)

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Monday 25 June, 2007

Blue Star Maritime

CHANGE IN SHAREHOLDING

Blue Star Maritime S.A.
25 June 2007


Voula, 22 June 2007

To

Athens Stock Exchange

Department of Issuer Relations


Attn: Mrs A. Vogiatzi


Subject :         Notification of a change in shareholding


We hereby notify you that on 22nd June, 2007, our company was informed of a
change in its shareholding structure, according to which company MITICA LIMITED
now holds 10,514,900 common bearer shares which correspond to 10.0142% of the
company's share capital.


This letter of notification is sent in accordance with Presidential Decree 
51/1992 and article 282 of the Athens Exchange regulation.


Thank you,

For Blue Star Maritime S.A.,


Spiros Paschalis

Authorized Director


SP/ea/E0060/07


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