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Blue Star Maritime (BSMD)

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Thursday 10 August, 2006

Blue Star Maritime

COMPLETION OF TAXATION AUDIT

Blue Star Maritime S.A.
10 August 2006


                         COMPLETION OF TAXATION AUDIT


In accordance with the provisions of paragraph 9d of article 275 of the
Regulation of the Athens Exchange, Blue Star Maritime S.A. informs that the
taxation audit by the tax authorities for year 2005 has been completed.  Total
taxes charged amount to € 34,786.41.  The Company had already made a tax
provision for the unaudited fiscal year of € 19,700 and therefore the additional
amount of                € 15,086.41 will be posted in the results of the second
quarter of 2006.

Furthermore, the taxation audit for all the companies included in the
consolidation of Blue Star Maritime S.A. for 2005 has been completed.

Specifically, the companies audited were Blue Star Ferries Maritime S.A. and
Blue Star Ferries Joint Venture.  Total taxes charged for these companies stand
at € 35,292.34.  The Group had made a tax provision for the unaudited fiscal
year of € 15,600 and therefore the additional amount of € 19,692.34 will be
posted in the results of the second quarter of 2006.


                            Voula, 10th August 2006



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