Seanergy Maritime Holdings Corp. Announces Closing
Of Its $30 Million Common Stock Offering


February 4, 2010 – Athens, Greece – Seanergy Maritime Holdings Corp. (the “Company”) (NASDAQ: SHIP; SHIP.W) announced today that it has completed the previously announced public offering of 20,833,333 shares of common stock and the sale of an additional 4,166,667 shares of common stock to four of the Company's major shareholders affiliated with the Restis Group. The public offering and sale to the Company's four major shareholders resulted in gross proceeds of approximately $30 million. The Company intends to use the proceeds from the offering for a new vessel acquisition. In connection with the offering, the Company has granted the underwriters a 45-day option to purchase up to 3,125,000 additional shares of common stock to cover over-allotments, if any.

Maxim Group LLC and Rodman & Renshaw, LLC, a subsidiary of Rodman & Renshaw Capital Group, Inc. (Nasdaq: RODM) acted as the joint book-running managers and Chardan Capital Markets, LLC acted as co-manager for the offering. Copies of the prospectus relating to this offering may be obtained from Maxim Group LLC, 405 Lexington Avenue, New York, NY 10174, or by calling 800-724-0761 or Rodman & Renshaw, LLC, 1251 Avenue of the Americas, New York, NY 10020, or by calling 212-430-1710.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities, nor shall there be any sale of these securities in any state or 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 jurisdiction.

About Seanergy Maritime Holdings Corp.

Seanergy Maritime Holdings Corp., the successor to Seanergy Maritime Corp., is a Marshall Islands corporation with its executive offices in Athens, Greece. The Company is engaged in the transportation of dry bulk cargoes through the ownership and operation of dry bulk carriers.

The Company's initial fleet was comprised of two Panamax, two Supramax and two Handysize dry bulk carriers which Seanergy purchased and took delivery of the ships in the third and fourth quarters of 2008 from companies associated with members of the Restis family. In August 2009, the Company acquired a controlling interest in Bulk Energy Transport (Holdings) Limited ("BET") which owns five drybulk carriers, four Capesize and one Panamax. As a result, the Company's current controlled fleet (excluding the vessel to be acquired with the net proceeds of the offering) includes 11 drybulk carriers (4 Capesize, 3 Panamax, 2 Supramax and 2 Handysize vessels) with a total carrying capacity of 1,043,296 dwt and an average age of 14 years.

The Company's common stock and warrants trade on the NASDAQ Global Market under the symbols SHIP and SHIP.W, respectively.

Seanergy Maritime Corp. press release