ANNOUNCEMENT
OF SIGNIFICANT CHANGE TO THE VOTING RIGHTS
ACCORDING TO LAW 3556/2007

Blue Star Maritime S.A. announces in accordance to L.3556/2007 and following respective information received from Marfin Investment Group Holdings S.A. (MIG) that, on 3rd October 2007, following the acquisition of the majority of the voting rights of Attica Holdings S.A. from MIG, the indirect total percentage of participation of MIG in voting rights of Blue Star Maritime S.A. has increased to 48.795%, corresponding to 51.235.000 shares which are held by Attica Holdings S.A.

Voula, 7th November 2007