Globus Maritime Limited reports delivery of the vessel “Gulf Globe”

October 22, 2009. Athens, Greece. Globus Maritime Limited ("Globus" or the “Company") (AIM: GLBS), the owner and operator of Handymax and Panamax dry bulk vessels, announces that it has delivered today the M/V “Gulf Globe”, a 1994-built Handymax bulk carrier of approximately 43,245 dwt to its new owners, an unaffiliated third party. Globus intends to utilize the cash proceeds to repay bank debt and strengthen its liquidity.



Fleet Profile as of the date of this Press Release:



Notes:
(1) All the vessels are geared.
(2)The Company has signed an MOA with an unaffiliated third party to sell this vessel.

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. On October 22, 2009, Globus owns and operates one Panamax and four Handymax vessels, with a weighted average age of approx. 11.1 years (as at September 30, 2009) and a total carrying capacity of 256,005 DWT. All the vessels are geared.

Following the delivery of the “Lake Globe” to her new owners next month, Globus will own and operate one Panamax and three Handymax vessels with a weighted average age of approx. 10.3 years (as at September 30, 2009) and a total carrying capacity of 212,789 dwt.

Globus is listed on the AIM of the London Stock Exchange under ticker GLBS. Jefferies International Limited is acting as nominated adviser and broker to the Company.

Globus Maritime Limited