BLUE STAR MARITIME S.A.

Announcement of Regulated Information according to Law 3556/2007

Blue Star Maritime S.A., (the Company), pursuant to the provisions of Law 3340/2005 and the Law 3556/2007, the Decision 1/434/03.07.2007 and the Circular nr. 33 of the Hellenic Capital Market Commission, announces that "MARFIN INVESTMENT GROUP HOLDINGS S.A.", which is closely associated to the Director, Independent, Non-Executive member of the Board of Directors Mr. Alexander Edipidis, bought shares of the Company as follows:
a) on 09.05.2008 bought 3,570 shares with total value of Euro 10,691.37 and
b) on 12.05.2008 bought 10,000 shares with total value of Euro 29,647.36.