GLOBUS MARITIME

14 September 2007

Trading Update: Globus Enters into Agreement to Acquire a Panamax Bulkcarrier and Expands Fleet to Eight Vessels

Athens, Greece, September 14th, 2007. Globus Maritime Limited ("Globus" or "the Company") (AIM: GLBS), a marine transportation company that owns and operates Handymax and Panamax dry bulk ocean-going vessels, today announces that it has entered into an agreement with an unaffiliated third party in order to acquire a 1998- built 72,929 dwt geared Panamax bulkcarrier, for an agreed purchase price of US$ 66.8 million. The vessel is expected to be delivered by mid-December 2007, will be renamed M/V “Tiara Globe” and will fly the Marshall Islands flag.

On completion of this acquisition, Globus’ fleet will comprise a total of eight modern dry bulkcarriers, consisting of six Handymaxes and two Panamaxes, with a weighted average age of approximately 10.7 years as at December 31, 2007 and with a total carrying capacity of 415,558 dwt.

The six vessels in Globus’ current trading fleet are under medium and long term charters with reputable charterers. Including the two additional vessels scheduled for delivery by year-end 2007, namely the Panamax “Tiara Globe” and the newbulding Handymax “River Globe”, the current charter coverage for 2007 is 100% of available days, while for 2008 it is 53% (assuming the latest possible redelivery dates).

George Karageorgiou, Chief Executive of Globus Maritime, commented: “We are very pleased to add a second Panamax to our fleet. This acquisition occurs at a time of especially high charter rates and a shortage of capacity. It is especially gratifying therefore to secure a vessel with such a prompt delivery date. Our operating leverage now increases significantly as 4 out of the 8 vessels terminate their previous employment contracts within the next 4 months, at a time when employment rates are at record high levels. This addition will significantly enhance our earnings and dividends to our shareholders while at the same time further decreases the average age of our fleet.”

Globus Maritime trading update