Globus Maritime Limited Announces Pricing of Follow-On Public Offering

Athens, Greece, June 28, 2011 - Globus Maritime Limited (“Globus” or the “Company”), (NASDAQ: GLBS), a dry bulk shipping company, announced today that it priced a follow-on public offering of 2,750,000 shares of its common stock at a price to the public of $8.00 per share. The proceeds of the offering are expected to be used to fund a portion of the $30.3 million purchase price for a 2007-built Supramax dry bulk vessel and general corporate and working capital purposes.

Knight/DVB, Wunderlich Securities and Ladenburg Thalmann & Co. Inc. are the underwriters for the offering.

In connection with the offering, the underwriters have been granted a 30-day option to purchase up to 125,000 additional shares of the Company’s common shares to cover any over-allotments.

A registration statement relating to these securities has been filed with and declared effective by the Securities and Exchange Commission. This press release is not an offer to sell or solicitation of an offer to buy any securities of the Company, nor shall there be any sale of the securities of the Company in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities in the United States will be made solely by means of a prospectus that may be obtained from the issuer and that will contain detailed information about the issuer and its management, as well as financial statements. A copy of the final prospectus may be obtained by visiting the EDGAR section on the U.S. Securities and Exchange Commission website at http://www.sec.gov or from the offices of Knight Capital Americas, L.P. at 320 Park Avenue, 15th Floor, New York, NY 10022, Attention: Prospectus Department.

Globus Maritime Limited press release