Scrip Dividend Reference Price

Athens, 18 March 2010


Goldenport Holdings Inc. ('Goldenport' or the 'Company'), (LSE: GPRT) announces that the scrip dividend reference price for the fully paid shares to be issued to shareholders who elect to receive the scrip dividend option for the 2009 final dividend will be 101.10 pence per share.

The reference price is calculated as the average of the middle market quotations for the Company's shares as derived from the Daily Official List of the London Stock Exchange for the five consecutive dealing days commencing on 10 March, being the Company's Ex-Dividend Date for the 2009 final dividend.

A shareholder electing for the scrip dividend option rather than cash would receive one new share of common stock for every 33.7 shares registered in their name on the Record Date. A balancing cash payment will be made for any fractions of new shares that would be received under the scrip dividend option.

The detailed terms of the scrip dividend option for the 2009 final dividend will be set out the circular to be sent to shareholders on or around 29 March 2010.

The opportunity to elect to receive the scrip dividend in place of the cash dividend is not being offered to any person who is, or whom the Company believes is, resident in the United States of America, Canada, Australia, South Africa or the Republic of Ireland or Japan or their respective territories or possessions (subject to applicable exemptions) or in any jurisdiction outside the United Kingdom where the offer requires compliance by the Company with any governmental or regulatory procedures or any similar formalities. Further details related to the eligibility of shareholders to elect to accept the scrip dividend option will be set out in the circular.

Overview of Goldenport
Goldenport is an international shipping company that owns and operates a fleet of twenty-three container and dry bulk vessels that transport cargo worldwide. The fleet consists of eleven container vessels (including two new-build vessels with deliveries scheduled for 2011) and twelve dry bulk carriers (including five new-build vessels with deliveries scheduled for 2010 and 2011). Goldenport is listed on the London Stock Exchange under the ticker GPRT.

Source: Goldenport Holdings Inc