Globus Maritime Limited reports delivery of the vessel “Lake Globe”

November 12, 2009. Athens, Greece. Globus Maritime Limited ("Globus" or the “Company") (AIM: GLBS), the owner and operator of Handymax and Panamax dry bulk vessels, announces that it has delivered today the M/V “Lake Globe”, a 1994-built Handymax bulk carrier of approximately 43,216 dwt to its new owners, an unaffiliated third party. Globus intends to utilize the cash proceeds to repay bank debt and strengthen its liquidity.

About Globus Maritime Limited

Globus is a global provider of seaborne transportation services for dry bulk cargoes, including among others iron ore, coal, grain, cement, and fertilizers, along worldwide shipping routes. Globus owns and operates one Panamax and three Handymax vessels, with a weighted average age of approx. 10.3 years (as at September 30, 2009) and a total carrying capacity of 212,789 DWT. All the vessels are geared.

Globus is listed on the AIM of the London Stock Exchange under ticker GLBS. Jefferies International Limited is acting as nominated adviser and broker to the Company.

Globus Maritime Limited