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Seanergy Maritime Holdings Corp. Reports Management Share Purchase

June 15, 2010

ATHENS, Greece, June 15, 2010 /PRNewswire-FirstCall/ — Seanergy Maritime
Holdings Corp. (the “Company”) (NASDAQ: SHIP; SHIP.W) announced today that on
Monday, June 14, 2010, the Company’s Chief Executive Officer, Mr. Dale
Ploughman
, purchased 50,000 shares of Seanergy’s common stock at a purchase
price of $1.2399 per share. The transaction was completed on the open market.

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 comprised two Panamax, two Supramax, one
Handymax and one Handysize dry bulk carriers that Seanergy purchased and took
delivery of 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,
which owns four Capesize and one Panamax dry bulk carriers. In May 2010, the
Company acquired a controlling interest in Maritime Capital Shipping Limited,
which owns nine Handysize dry bulk carriers.

The Company’s current controlled fleet includes 20 drybulk carriers (four
Capesize, three Panamax, two Supramax and one Handymax and 10 Handysize
vessels) with a total carrying capacity of approximately 1,292,544 dwt and an
average fleet age of 12.7 years.

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

Forward-Looking Statements

This press release contains forward-looking statements (as defined in
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended) concerning future events and the
Company’s growth strategy and measures to implement such strategy. Words such
as “expects,” “intends,” “plans,” “believes,” “anticipates,” “hopes,”
“estimates,” and variations of such words and similar expressions are
intended to identify forward-looking statements. Although the Company
believes that such expectations will prove to have been correct, these
statements involve known and unknown risks and are based upon a number of
assumptions and estimates, which are inherently subject to significant
uncertainties and contingencies, many of which are beyond the control of the
Company. Actual results may differ materially from those expressed or implied
by such forward-looking statements. Factors that could cause actual results
to differ materially include, but are not limited to, the scope and timing of
Securities and Exchange Commission (“SEC”) and other regulatory agency
review, competitive factors in the market in which the Company operates;
risks associated with operations outside the United States; and other factors
listed from time to time in the Company’s filings with the SEC. The Company’s
filings can be obtained free of charge on the SEC’s website at www.sec.gov.
The Company expressly disclaims any obligations or undertaking to release
publicly any updates or revisions to any forward-looking statements contained
herein to reflect any change in the Company’s expectations with respect
thereto or any change in events, conditions or circumstances on which any
statement is based.

    For further information please contact:

    Seanergy Maritime Holdings Corp.
    Dale Ploughman - Chief Executive Officer
    Christina Anagnostara - Chief Financial Officer
    Tel: +30-210-9638461
    E-mail: ir@seanergymaritime.com

    Investor Relations / Media
    Capital Link, Inc.
    Paul Lampoutis
    230 Park Avenue Suite 1536
    New York, NY 10169
    Tel: +1-212-661-7566
    E-mail: seanergy@capitallink.com

SOURCE Seanergy Maritime Holdings Corp


Source: newswire



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