Vela Press Release

January 10, 2009

DUBAI (January 10, 2009) - Vela International Marine Ltd. is pleased to report that its vessel the SIRIUS STAR, with all of her officers and crew, has been released by her captors.

"We are very relieved to know that all the crew members are safe and I am glad to say that they are all in good health and high spirits" Saleh K’aki, President and CEO of Vela International Marine Ltd, said. "This has been a very trying time for them and certainly for their families. We are very happy to report to their families that they will be on their way home soon," K'aki added.

"Throughout this ordeal, our sole objective was the safe and timely release of the crew. That has been achieved today," K'aki said.

Vela International Marine Limited, press release