News

Appointment of Chief Financial Officer
21 February 2007

Global Oceanic Carriers Limited (AIM:GOC), the Greek-based drybulk shipping company, today announces the appointment of Christina Anagnostara to the Board as Chief Financial Officer and Executive Director with immediate effect.  Douglas Kearney, who was the Chief Financial Officer of the Company since its Admission to AIM moves to non-executive director.

Christina Anagnostara, a certified chartered accountant, has for the last eight years held a senior manager position in EFG Audit and Consulting Services, the group auditors of EFG Group, the international banking group headquartered in Geneva. Christina's primary role was to assist the Board and Committees, by providing an independent appraisal of the adequacy and effectiveness of the internal control framework and systems in operation within the Group, so that they operate at optimum effectiveness and cost efficiency, reflecting leading control practices. Prior to EFG Group, she had worked for two years in the Internal Audit Group of Eurobank EFG, a bank with a leading position in Greece and three years as a senior auditor at Ernst & Young.

Christina Anagnostara, aged 36, has held the other following directorships and/or partnerships during the past five years:

There is no other information that falls to be disclosed under Schedule 2 paragraph (f) of the AIM Rules.

Commenting on the appointment of Christina Anagnostara, Michael Tartsinis, Chief Executive Officer of Global Oceanic Carriers Limited, said: "We welcome Christina as our new Chief Financial Officer and look forward to working with her at this important stage in the Company's development.  She has worked successfully in an advisory capacity for the Company for the last four months and understands the exciting vision the Company has.

"The Board would also like to take this opportunity to thank Douglas for his hard work and support since the Company's admission to AIM and we look forward to further drawing down on his invaluable knowledge and experience in his new role as a non-executive director."

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Notes to Editors

Global Oceanic Carriers Limited is a shipping company comprising of ship ownership, management and chartering.  The Company is based in Athens, Greece and incorporated in Jersey. The Company has acquired five vessels and will use the extensive shipping experience of the management and the dynamic market conditions to build a fleet for long term charter revenue.

The Company's fleet comprises of two Panamax bulk carriers, two Handysize bulk carriers and one Capesize vessel with an aggregate carrying capacity of 367,774 Dwt.  Drybulk ships carry cargo that is shipped in large volumes and can be easily stowed in a single hold including iron ore, coal and grain.

GO Carriers was formed and listed on the AiM market in 2005 its stock code is GOC.L