Notification of interests of directors or other persons discharging managerial responsibilities and issue of new shares

5 March 2009

Globus Maritime Limited ("Globus" or the “Company") (AIM: GLBS) announces that further to the Press Release dated 6 March 2008, it has issued and allotted 85,760 new ordinary shares of US$0.001 to Kim Holdings SA, a company controlled by Mr. George Karageorgiou, the Chief Executive Officer of the Company, in accordance with the Company’s Long Term Incentive Plan (“LTIP”). These shares have vested over the previous one year period, and correspond to the first portion of the shares awarded in March 2008 under the LTIP for 2007.

Following this issuance, Mr. George Karageorgiou has a beneficial interest in 758,576 ordinary shares of US$0.001 in the Company representing 2.64% of the issued share capital of the Company.

Application for Admission has been made for these shares, which is expected to be effective on 10 March 2009. Following the share issue, the Company’s outstanding issued share capital will be 28,751,210 ordinary shares of US$0.001 each, with voting rights ("Ordinary Shares"). No Ordinary Shares are held in treasury; therefore the total number of voting rights in the Company is 28,751,210.

About Globus Maritime Limited
Globus is a global provider of seaborne transportation services for dry bulk cargoes, including among others iron ore, coal, grain, cement, and fertilizers, along worldwide shipping routes. The Company owns and operates five Handymax vessels and two Panamax vessels, with a weighted average age of approximately 11.7 years as at February 28, 2009 and a total carrying capacity of 372,369 dwt. Six of the seven vessels are geared.

Globus Maritime Limited