TOP SHIPS Inc Announces New Charter for MV EVIAN

ATHENS, GREECE – June 20, 2012

TOP Ships Inc. (NasdaqGS: TOPS), an international maritime shipping company that provides transportation services for crude oil, petroleum products, and dry bulk commodities, announced today that it entered into a bareboat agreement to charter out the M/V "EVIAN" up to 15 December 2014 at a daily rate of US$ 7,000.

About TOP Ships Inc.
TOP Ships Inc., is an international maritime shipping company that provides transportation services for crude oil, petroleum products, and dry bulk commodities.

For more information about TOP Ships Inc., visit its website: www.topships.org.

Top Ships Inc. press release