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Blue Star Maritime (BSMD)

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Wednesday 27 February, 2008

Blue Star Maritime

Prior Notice of Merger

Blue Star Maritime S.A.
27 February 2008

                              BLUE STAR MARITIME S.A.


The Board of Directors of Blue Star Maritime S.A. wish to announce, pursuant to
the provisions of Law 3340/05, article 2 of decision 3/347/05 of the Capital
Markets Commission and article 281 of the Athens Exchange Regulations, its
decision, taken at the meeting of 26th February, 2008, to merge by absorption
the Blue Star Maritime S.A. by the Athens Exchange listed Attica Group, as per
provisions of articles 69-77a of Common Law 2190/20, of articles 1 to 5 of Law
2166/1993 and other provisions of commercial law as applicable.

It was also decided that the Transformation Balance Sheet date will be no later
than 30th June, 2008. A further announcement will follow in due course with the
final date of the Transformation Balance Sheet and the Board's proposal for the
share exchange ratio.

                           Voula, 27th February, 2008

For more information please contact:

Blue Star Maritime S.A.
Mr. D.Theodoratos
tel.: +30 210 891 9500
fax : +30 210 891 9509,
e-mail: [email protected]

                      This information is provided by RNS
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