PRESS RELEASE

STRINTZIS LINES SHIPPING S.A.


STRINTZIS LINES SHIPPING S.A. (renamed to BLUE STAR MARITIME S.A.) wishes to announce that:

Gerasimos Strintzis, Chairman and Chief Executive Officer, submitted today, 8th June, 2004, his resignation from the position of Chairman, Chief Executive Officer and Member of the Company’s Board of Directors, for personal reasons.

The Company's Board of Directors which convened today accepted the resignation and elected Mr. Michalis Sakellis, Director of the Company, as new Member of the Board.

The new Board of Directors is therefore as follows:


Charalambos Paschalis
Michalis Gialouris
Michalis Sakellis
Spiros Paschalis
Alexander Panagopulos
Anthony D. Strintzis
Pericles Panagopulos
Dimitrios Klados
Emmanouil Kalpadakis
- Chairman / Non-executive Member
- Vice-Chairman / Executive Member
- Managing Director / Executive Member
- Authorised Director / Executive Member
- Director / Executive Member
- Director / Executive Member
- Director / Executive Member
- Director / Independent non-executive member
- Director / Independent non-executive member


Voula, 8th June, 2004

The Board of Directors



For more information please contact:
Mr. Dionissis Theodoratos
STRINTZIS LINES SHIPPING S.A.
Tel: +30 210 891 9820
Fax: +30 210 891 9829
e-mail: theodoratos@bluestarferries.com







PRESS RELEASE

STRINTZIS LINES SHIPPING S.A.


The Annual General Shareholders' Meeting of STRINTZIS LINES SHIPPING S.A. which took place today 3rd June, 2004, decided on the following matters:


    1.   Approval of the annual financial accounts and the annual consolidated financial accounts for the fiscal year 2003 and submission and approval of the reports of the Board of Directors.
    2.   Discharge of the Board of Directors and the Certified Auditors from any responsibility for the year 2003.
    3.   Approval of the distribution of profits and the payment of dividend of Euro 0,0362 per share and authorization of the Board of Directors to decide the ex-dividend date.
    4.   Approval of the Directors’ fees.
    5.   Appointment of DRM STYLIANOU S.A., a member of RSM International as Certified Auditors for the year 2004.
    6.   Change of Name of the Company to BLUE STAR MARITIME S.A. and of the Distinctive Title of the Company to BLUE STAR GROUP.
    7.   Amendment of the articles 5,9,15 and 20 of the Articles of Incorporation and adjustment to the provisions of Law 3156/2003.
    8.   Approval of the equity contribution of the Company to the conversion cost of the vessel Blue Horizon.
Point 7 of the Agenda regarding the adjustment of share capital accounts through increase/decrease of par value of the shares, will be discussed in a Repeat General Meeting on 21st June, 2004.

Voula, 3rd June, 2004



For more information please contact:
Mr. Dionissis Theodoratos
STRINTZIS LINES SHIPPING S.A.
Tel: +30 210 891 9820
Fax: +30 210 891 9829
e-mail: theodoratos@bluestarferries.com