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ATHENS, GREECE -- (Marketwired) -- 04/29/13 -- Globus Maritime Limited ("Globus," the "Company," "we," or "our"), (NASDAQ: GLBS), a dry bulk shipping company, today reported its unaudited consolidated operating and financial results for the fourth quarter and year ended December 31, 2012.

Financial Highlights

                                      --------------------------------------(Expressed in millions of U.S. dollars except for daily rates and   Three months ended      Year ended per share data)                         December 31,        December 31,                                      ------------------  ------------------                                        2012      2011      2012      2011                                      --------  --------  --------  --------Net Revenue (1)                            7.0       9.5      27.7      32.3Adjusted EBITDA (2)                        2.8       6.4      13.8      20.6Impairment loss                           80.2         -      80.2         -Total comprehensive (loss)/income        (81.2)      2.3     (82.8)      6.9Adjusted for impairment loss total comprehensive (loss)/income              (1.0)      2.3      (2.6)      6.9Basic (loss) /earnings per share         (8.00)     0.23     (8.22)     0.80Adjusted for impairment loss basic (loss)/earnings per share               (0.11)     0.23     (0.30)     0.80Average number of vessels                  7.0       7.0       7.0       5.8Time charter equivalent rate (TCE)      10,344    14,987    10,660    15,619Average operating expenses per vessel per day                                 5,321     4,031     4,736     4,527(1) Net Revenue is computed by subtracting voyage expenses from revenue. Net    Revenue is not a recognized measurement under international financial    reporting standards ("IFRS") and should not be considered as an    alternative or comparable to net income.(2) Adjusted EBITDA is a measure not in accordance with generally accepted    accounting principles ("GAAP"). See a later section of this press    release for a reconciliation of non-GAAP financial measures;

Current Fleet Profile

On the date of this press release Globus' subsidiaries own and operate seven dry bulk carriers, consisting of four Supramax, two Panamax and one Kamsarmax.

----------------------------------------------------------------------------            Year                             Month/YearVessel      Built Yard            Type       Delivered  DWT     FLAG----------------------------------------------------------------------------Tiara Globe 1998  Hudong Zhonghua Panamax    Dec 2007    72,928 Marshall Is.----------------------------------------------------------------------------Moon Globe  2005  Hudong Zhonghua Panamax    June 2011   74,432 Marshall Is.----------------------------------------------------------------------------Sun Globe   2007  Tsuneishi Cebu  Supramax   Sept 2011   58,790 Malta----------------------------------------------------------------------------River Globe 2007  Yangzhou Dayang Supramax   Dec 2007    53,627 Marshall Is.----------------------------------------------------------------------------Sky Globe   2009  Taizhou Kouan   Supramax   May 2010    56,855 Marshall Is.----------------------------------------------------------------------------Star Globe  2010  Taizhou Kouan   Supramax   May 2010    56,867 Marshall Is.----------------------------------------------------------------------------Jin Star    2010  Jiangsu Eastern Kamsarmax  June 2010   79,387 Panama----------------------------------------------------------------------------Weighted Average Age: 6.1 Years at December31, 2012                                                452,886----------------------------------------------------------------------------