Restis Family Increases Its Support of Seanergy Maritime and Purchases Additional Shares of Common Stock

July 17, 2008 -- Athens Greece -- Seanergy Maritime Corp. (“Seanergy”) (AMEX: Common Stock – SRG; Units – SRG. U; Warrants – SRG.W) has announced that it has been advised by affiliates of the Restis family that an entity under their control has purchased an aggregate of 2,896,171 shares of Seanergy Maritime Corp. from three separate stockholders of the Company. As a result, Restis affiliates beneficially own an aggregate of 6,259,171 shares of Seanergy common stock, reflecting 21.9% of Seanergy’s currently outstanding common stock, which amount excludes 2,750,000 shares with respect to which the affiliates of the Restis family have shared voting power but do not have dispositive power.

Dale Ploughman, Seanergy’s CEO, stated: “We are very pleased with the increased support from the affiliates of the Restis family. This demonstrates tangibly our positive outlook on the fundamentals of the dry bulk sector and on Seanergy’s prospects once it becomes an operating company following shareholder approval and completion of the proposed transaction.”

Seanergy Maritime Corp. previously announced that pursuant to an Agreement dated May 20, 2008, Seanergy Merger Corp., the wholly owned subsidiary of the Company, has agreed to acquire six dry bulk vessels from affiliates of the Restis family (including a newly built vessel and a vessel under construction).

About Seanergy Maritime Corp.
Seanergy Maritime Corp. is a Business Combination Company™, or BCC™. A BCC™ is a blank check company formed for the purpose of acquiring, through a merger, capital stock exchange, asset acquisition or other similar business combination, an unidentified operating business.



Seanergy Maritime Corp. press release