email: info@seanergy.gr T +30 210 891 3507

Seanergy Maritime Holdings Corp.Corporate Presentation

February 2019

Stamatis Tsantanis-CEO

This document shall not constitute an offer to sell or the solicitation of any offer to buy an interest in Seanergy Maritime Holdings Corp. (the “Company”).

This document contains forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding the Company’s management’s expectations, hopes, beliefs, intentions or

strategies regarding the future and other statements that are other than statements of historical fact. In addition, any statements that refer to projections, forecasts or other characterizations of future events or

circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate“, "believe“, "continue“, "could“, "estimate“, "expect“, "intend“, "may“, "might“, "plan“, "possible“,

"potential“, "predict“, "project“, "should“, "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These

statements are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management’s examination of historical operating trends, data contained in

the Company’s records and other data available from third parties. Although management believes that these assumptions were reasonable when made, because these assumptions are inherently subject to

significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the Company’s control, the Company cannot assure you that it will achieve or accomplish these expectations,

beliefs or projections. Actual results may differ materially from those expressed or implied by such forward-looking statements.

Factors that could cause actual results to differ materially from those discussed in the forward-looking statements include, but are not limited to: changes in shipping industry trends, including charter rates, vessel

values and factors affecting vessel supply and demand; changes in seaborne and other transportation patterns; changes in the supply of or demand for dry bulk commodities, including dry bulk commodities carried

by sea, generally or in particular regions; changes in the number of new buildings under construction in the dry bulk shipping industry; changes in the useful lives and the value of the Company’s vessels and the

related impact on the Company’s compliance with loan covenants; the aging of the Company’s fleet and increases in operating costs; the Company’s ability to achieve successful utilization of its expanded fleet;

changes in the Company’s ability to complete acquisitions or dispositions; risks related to the Company’s business strategy, areas of possible expansion or expected capital spending or operating expenses;

changes to the Company’s financial condition and liquidity, including its ability to pay amounts that it owes and obtain additional financing to fund capital expenditures, acquisitions and other general corporate

activities; changes in the availability of crew, number of off-hire days, classification survey requirements and insurance costs for the vessels in the Company’s fleet; changes in the Company’s ability to leverage the

relationships and reputation in the dry bulk shipping industry of its managers; changes in the Company’s relationships with its contract counterparties, including the failure of any of its contract counterparties to

comply with their agreements with the Company; loss of our customers, charters or vessels; damage to the Company’s vessels; potential liability from future litigation and incidents involving the Company’s vessels;

the Company’s future operating or financial results; the Company’s ability to continue as a going concern; acts of terrorism and other hostilities; changes in global and regional economic and political conditions; risks

associated with operations outside the United States; changes in governmental rules and regulations or actions taken by regulatory authorities, particularly with respect to the dry bulk shipping industry; and other

factors listed from time to time in the Company's filings with the SEC, including its most recent annual report on Form 20-F. These factors could cause actual results or developments to differ materially from those

expressed in any of the forward-looking statements. Consequently, there can be no assurance that actual results or developments anticipated in this document will be realized or, even if substantially realized, that

they will have the expected consequences to, or effects on, the Company. Given these uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. Except to the extent required

by law, 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.

While all the information in this document is believed to be accurate, the Company makes no warranty, express or implied as to the completeness or accuracy of such information, nor can it accept responsibility for

errors appearing in the document. Certain information contained herein has been provided by third parties and has not been independently verified, and the Company does not represent or endorse the accuracy or

reliability of any such information. This document is subject to revision and amendment without notice and without obligation to notify any recipient of any such amendment.

Past performance should not be construed as an indicator of future results. No representation is being made that a portfolio managed by the Company in accordance with the parameters in this document will

achieve profits or losses similar to those set forth herein. There can be no assurances that an investor will have returns on invested capital similar to the returns presented or projected herein. Investing in the

maritime sector involves a substantial degree of risk, and nothing herein is intended to imply that any investment may be considered “conservative”, “safe”, “risk free” or “risk averse”. There is no guarantee that the

Company’s investment and risk-management processes will be successful, that the Company will achieve its objectives or that the Company will avoid losses. Any historical information shown herein is for

informational and comparison purposes only, and there is no implication or guarantee that an investment in the Company or any investment made by the Company will actually realize return profiles similar to the

returns suggested implied or anticipated.

2

Important Disclosures

2019-01-28

Company Highlights

▪ The only US listed “pure-play” Capesize dry bulk company

▪ Modern, high quality fleet of vessels, all built by reputable shipyards in S. Korea and Japan

▪ Experienced management team and committed major shareholder

▪ Solid corporate governance – no related party transactions in ship management/operations

▪ Strong commercial ties with leading dry bulk charterers and major miners

▪ Balanced chartering strategy with increased period employment

▪ Low Capesize acquisition costs and a competitive cost structure

▪ Dry bulk market fundamentals favor Capesize vessels over the next 3 years (demand outpacing

supply)

Seanergy is a strong value play in the dry bulk Capesize sector,

well positioned to capture significant upside potential

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Seanergy Maritime Holdings Corp.

▪ Owner and operator of Capesize dry bulk

vessels

▪ Offices in Athens and Hong Kong

▪ Modern fleet of 10 Capesize vessels

▪ Built exclusively in S. Korea and Japan

▪ Combined cargo capacity of

approximately 1.75 million dwt

▪ Average age of 9.8 years

▪ Positioned to take advantage of market

opportunities arising from favorable industry

fundamentals and the introduction of new

environmental regulations

▪ Growth through accretive transactions

NASDAQ Ticker:

Share Price:1 $0.56

Basic Shares Outstanding: ~40.0 million

Float Shares (Ownership): ~22.0 million (~55%)

Daily 3-m Average Volume:1 ~189,000 shares

Total Assets ~$265.5 million

Basic Market Capitalization:1 ~$22.40 million

Major shareholder’s Ownership:2 ~72%

1. As of January 21, 2019

2. On a fully diluted basis

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Operating Fleet Profile

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1. T/C to major European utilities company for a period of 5 to 8 months from December 7, 2018. The net daily charter hire is calculated at an index linked rate based

on the five time charter routes rate of the Baltic Capesize Index. In addition, the time charter provides Seanergy the option to convert the index linked rate to a fixed

rate priced at the then prevailing Capesize forward freight agreement rate for the selected period.

2. T/C to major European charterer for a period of 60 months (+ 18 months at Charterer’s option) from November 7, 2018. The net daily charter hire is calculated at an

index linked rate based on the five time charter routes rate of the Baltic Capesize Index. In addition, the time charter provides Seanergy the option to convert the

index linked rate to a fixed rate for a period of between 3 and 12 months priced at the then prevailing Capesize forward freight agreement rate for the selected period.

3. T/C to major European charterer for a period of 18 to 22 months from June 28, 2017. The net daily charter hire is calculated at an index linked rate based on the five

time charter routes rate of the Baltic Capesize Index. In addition, the time charter provides Seanergy the option to convert the index linked rate to a fixed rate for a

period of between 3 and 12 months priced at the then prevailing Capesize forward freight agreement rate for the selected period.

Vessel Name Vessel Class Year Built Capacity (dwt)Type of

EmploymentYard

Partnership Capesize 2012 179,213 T/C Index Linked1 Hyundai

Championship Capesize 2011 179,238 T/C Index Linked2 Sungdong

Fellowship Capesize 2010 179,701 Spot Daewoo

Knightship Capesize 2010 178,978 Spot Hyundai

Lordship Capesize 2010 178,838 T/C Index Linked3 Hyundai

Geniuship Capesize 2010 170,058 Spot Sungdong

Premiership Capesize 2010 170,024 Spot Sungdong

Squireship Capesize 2010 170,018 Spot Sungdong

Gloriuship Capesize 2004 171,314 Spot Hyundai

Leadership Capesize 2001 171,199 Spot Koyo - Imabari

Fleet Ave. Age / Total dwt: 9.8 1,748,581

Company History

2007 – 2014

Original Operations

▪ Established in

2007, public in

2008

▪ Fleet size peaked

in 2012 with 20 dry

bulk ships

▪ 2012-2014 sold all

initial fleet and

overhauled

balance sheet

▪ Eliminated more

than $345m of

liabilities

▪ Emerged with zero

liabilities, retained

NASDAQ listing

Ship acquisitions between 2015 and 2018 totaling ~$300 million

2015 – 2017

Re-launch & Rapid Expansion

▪ 2015: Acquired its first Capesize ship,

followed by the en-bloc acquisition of 5

Capesize vessels and 2 Supramax vessels

▪ 2015: Raised $179m in secured debt to

support vessel acquisitions

▪ 2016: Acquired 2 Korean built Capesize

vessels at historically low costs

▪ 2016: Raised $25.5m through public equity

offerings and $38m in secured debt

▪ 2017: Acquired 1 Korean built Capesize

vessel

▪ 2017: Raised additional public equity and

secured debt and re-financed $39.5m in

debt at a significant discount

2019

Further Expansion

▪ Continued focus on

additional growth

opportunities in the

Capesize sector

▪ Targeting balance

sheet deleveraging

and maximizing

shareholder returns

2018

Balance Sheet

Optimization & Capesize

Pure Play Positioning

▪ Optimized balance sheet

by refinancing $48m in

debt through $80m of

fresh bank debt and

leasing transactions

▪ Sold two Supramax

vessels becoming the

only publicly quoted

Capesize pure-play

▪ Acquired M/V Fellowship

increasing the Capesize

fleet to 10 vessels

▪ Reached agreements

with major charterers to

cover the cost for

installing scrubbers on

50% of the fleet

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Experienced CEO, Board of Directors and major shareholder

▪ 20+ years successful track record in shipping and finance

▪ Extensive experience with shipping transactions on NYSE and NASDAQ

▪ Raised more than $2.3 billion in equity and in secured and unsecured debt on major capital markets

▪ Significant experience in building successful ship technical management platforms

▪ Proven track record in building and developing notable shipping companies (public and private)

Stamatis Tsantanis

Chairman & CEO

Directors

▪ Five board members, 4 of whom are non-executive directors and 3 of whom are independent

▪ Aggregate 100+ years of relevant shipping experience

▪ Significant experience in ship owning, operations and management, shipping related banking, financial

consulting and auditing as well as dry bulk commodities and freight trading

Restis - Breibart Family

Major Shareholder

▪ Claudia Restis served as a director and officer of numerous companies engaged in shipping, finance and

property development as well as on the board of several charities

▪ Claudia is the founder of the Macias Restis Foundation, established in memory of her late father and family

shipping group founder, Stamatis (Macias) Restis

▪ Evan Breibart has over 27 years of experience in shipping M&A, finance, commercial and corporate law as well

as private investing. He has served as a director and officer of numerous shipping companies and a major dry

bulk freight trading group

▪ Evan is a qualified English solicitor and a US attorney. He practiced law with leading London based shipping and

finance firms and served as general counsel of the Restis family shipping group until early 2012

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▪ Our diverse customer base includes the world’s largest miners, trading companies and cargo operators

▪ High quality vessels and first class fleet operations provide chartering competitiveness and flexibility

Seanergy enjoys market recognition as a quality and reliable operator

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Strong Relationships with Major Charterers

Low Operating & Acquisition Costs

Source: Seanergy accounts, Moore Stephens OpCost 2017 report

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Source: Clarksons Research

$5,163

$5,513

$4,700

$4,800

$4,900

$5,000

$5,100

$5,200

$5,300

$5,400

$5,500

$5,600

$5,700

$5,800

Capesize

Seanergy FY 2017Moore Stephens OpCost 2017

Daily OPEX (incl. Management Fee)

34,5

39,2

54,4

48,4

29,5

0,0

10,0

20,0

30,0

40,0

50,0

60,0

5 year average 10 year average 15 year average 20 year average

5yrs old Capesizes(average Seanergy acquisition age)

5yrs old Capesize Value Seanergy Acquisition Cost

High Quality Operator with Solid Corporate Governance

Top quality operations and technical management

▪ Our experienced in-house team closely monitors and supervises all key aspects of operations and the

technical management of our fleet

▪ Vessel operations, dry docks, major purchasing, insurance, claims handling and third party technical

management supervision functions are performed in-house by highly qualified professionals

▪ We have invested in advanced technology to monitor fleet performance in real time

▪ We have implemented a program ensuring our fleet complies fully with new 2020 environmental rules

No related-party transactions in ship management

▪ V. Ships Cyprus, an unrelated third party, undertakes the day-to-day technical management of our vessels

▪ Fidelity Marine, an unrelated third party, undertakes on an exclusive basis the commercial management of

our fleet

▪ No related-party transactions associated with ship management or ship operations

▪ Established internal control policies and procedures overseen by an experienced internal auditor

▪ Enhanced transparency through SEC and NASDAQ mandated financial reporting and disclosures

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Unique Approach towards IMO-2020 compliance

13

Vessel Name Year BuiltDaily Time Charter

RateCharter Start

Firm

PeriodOptional Period

Championship 2011 Index-Linked 4Q 2018 5 years 18 months

Partnership 2012 Index-Linked 3Q - 4Q 2019 3 years 1 year

Lordship 2010 Index-Linked 3Q - 4Q 2019 3 years 1 year

Premiership 2010 Index-Linked 4Q 2019 3 years 2 year 1

Squireship 2010 Index-Linked 3Q - 4Q 2019 3 years 2 year 1

▪ Acquisition & Installation capex covered fully by the charterers. Seanergy is entitled to profit sharing agreements based on the price difference

between High-Sulphur and Low-Sulphur fuel

▪ Index-linked time charter rate: Seanergy retains exposure to positive trends in the Capesize market

▪ On 3 of the agreements, Seanergy has the option to fix the daily rate at the prevailing level of the Forward Freight Agreement

▪ Ensured compliance with IMO-2020 rules while retaining exposure to positive Capesize fundamentals, without taking a direct view on market

uncertainties that are exogenous to the dry bulk market

▪ Remaining fleet will be fully compliant upon implementation of the new rules

1. Two optional Periods of 11-13 months each

➢ Seanergy has agreed to install scrubbers on five vessels in collaboration with three first class

charterers

➢ Approximately $12 million to accrue to fleet NAV, without any investment by Seanergy

Bank / Capital Provider Facility Vessels

2 senior facilities Leadership; Squireship

1 senior facility Partnership

1 senior facility Geniuship & Gloriuship

1 senior facility Premiership & Fellowship

1 senior facility Lordship

finance lease Knightship

finance lease Championship

Jelco Delta2 2 junior facilities Lordship, Knightship & Partnership

Vessel financing1

▪ 6 bilateral senior secured loan facilities and two finance leases

▪ Total debt of $215 million as of December 31, 2018

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1. Excludes convertible promissory notes

2. An entity affiliated with our principal shareholder

15

Dry Bulk Industry Supply & Demand

Demand Dynamics

▪ Robust demand growth since 2010

▪ World dry bulk trade increased by 2.3%

in 2018

▪ The strong growth trend is likely to

continue in 2019

Source: Clarksons Timeseries, Jefferies

Supply Dynamics

▪ Fleet growth increased by 3.0% in 2018

compared to a 15-year average yearly

growth rate of 7.1%

▪ Expected fleet growth of 2.9% in 2019

and 2.5% in 2020

▪ 2020 Environmental Regulation

compliance could materially reduce

fleet capacity from Q3 2019

16

Source: Clarksons Timeseries

Baltic Capesize Index (BCI) averaged 2,090 points in 2018,

which is 103% higher than the average 1,032 points in 2016, but still lags the 15-year average of 3,750 by 44%

Capesize Supply / Demand Fundamentals

Source: Seanergy analysis, Clarksons Timeseries

17

▪ Asset prices and charter rates have recovered from historical low levels but remain below historical averages

▪ 2015 – 2018 Capesize spot earnings have averaged $12,000 vs. the long term historical average of $28,200 (1990 – 2018)

▪ Robust trade volumes are expected to continue through 2020 with a higher ton-mile effect

▪ Shortage of tonnage is expected to lead to spikes in charter rates and to a significant increase in Capesize values

▪ Scrubber retro-fittings in 2019 and slow steaming to mitigate compliant fuel costs will likely reduce vessel supply

Capesize Sector - Compelling Investment Opportunity

Significant upside potentialCapesize Historical Time

Charter Earnings

(in $)1

5 yr old

Cape price

(in $ million)2

10 yr old

Cape price

(in $ million)3

15-yr average 35,700 54.6 39.2

15-yr (excl. peaks and troughs) 25,200 44.8 32.1

Average 2018 and 2019 YTD 14,000 35.1 24.6

1. Weekly Average of Capesize Spot Earnings; Source: Clarksons Timeseries

2. Capesize 180K 5 Year Old Secondhand Prices; Source: Clarksons Timeseries

3. Capesize 180K 10 Year Old Secondhand Prices; Source: Clarksons Timeseries

The Capesize sector is recovering from its all time lows, presenting a compelling

opportunity to profit from a rebound in freight rates and asset values

▪ 5yr old Capesize vessel price (~ $33.5 million), 39% below the 15-yr historical average

▪ 10yr old Capesize vessel price (~ $24.0 million), 39% below the 15-yr historical average

▪ Capesize Spot earnings (~ $13,000), 64% below the 15-yr historical average

Superior medium-term returns achieved through vessel acquisitions at historically low

prices, cost efficient operations and improved charter rates

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Financials Summary

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1. Fleet utilization is the percentage of time that the vessels are generating

revenue, and is determined by dividing operating days by ownership days for

the relevant period.

2. Time Charter Equivalent (TCE) rate is defined as our net revenue less

voyage expenses during a period divided by the number of our operating

days during the period. Voyage expenses include port charges, bunker (fuel

oil and diesel oil) expenses, canal charges and other commissions. We

include TCE rate, a non-GAAP measure, as we believe it provides additional

meaningful information in conjunction with net revenues from vessels, the

most directly comparable US GAAP measure, and because it assists our

management in making decisions regarding the deployment and use of our

vessels and in evaluating their financial performance. Our calculation of TCE

rate may not be comparable to that reported by other companies.

3. Net of commissions

4. Earnings before interest, taxes, depreciation and amortization ("EBITDA")

represents the sum of net income/(loss), interest and finance costs, interest

income, depreciation and amortization and, if any, income taxes during a

period. Adjusted EBITDA and Adjusted Net Loss represent EBITDA and Net

Loss respectively, adjusted to exclude the gain on debt refinancing that the

Company believes is not indicative of the ongoing performance of its core

operations. EBITDA, Adjusted EBITDA and Adj. Net Loss are not recognized

measurements under U.S. GAAP. These non-GAAP measures should not be

considered in isolation from, as a substitute for, or superior to, financial

measures prepared in accordance with U.S. GAAP. In addition, these non-

GAAP measures do not have standardized meanings, and are therefore

unlikely to be comparable to similar measures presented by other

companies. See the Appendix for full EBITDA, Adj. EBITDA and Adj. Net

Loss reconciliation.

5. Includes arrangement fees and various deferred charges and excludes all

convertible promissory notes

9M 2017 9M 20189M 2018

vs 9M 2017

Fleet Data:

Operating days 2,834 2,988 5%

Fleet utilization1 99.4% 99.5%

TCE Rate2 $8,631 $12,497 45%

Daily Vessel OPEX $4,806 $5,087

Income Statement Highlights:

Net Revenue3 50,545 64,529 28%

Adjusted Net Loss4 ($14,511) ($10,994)

Adjusted EBITDA4 $6,326 $16,644 163%

Balance Sheet Highlights:

Cash & Restricted Cash $10,898 $5,242

Vessels, Net $257,266 $239,746

Long-term debt5 $215,458 $212,027

Total Equity $41,361 $23,357

19

Capitalization

20

1. Includes arrangement fees and various deferred charges and excludes all convertible promissory notes

2. Includes $35.4 million of the total outstanding $38.8 million in convertible promissory notes that are classified under equity in accordance with the

beneficial conversion feature guidance of U.S. GAAP.

September 30, 2018

Actual

Debt:

Long-term debt1 $212,027

Convertible promissory notes $10,119

Total Debt $222,146

Shareholders' equity:

Total equity2$23,357

Capitalization:

Total capitalization: $245,504

20

21

22

Appendix: Adj. EBITDA, Adj. Net Loss Reconciliation

23

in ‘000 USD except fleet data 9M 2018 9M 2017

EBITDA reconciliation:

Net loss ($17,872) ($3,119)

Add: Net interest expense $18,860 $12,431

Add: Depreciation and

amortization$8,789 $8,384

Add: Taxes ($11) $22

EBITDA $9,766 $17,718

Add: Impairment Loss $6,878 -

Less: Gain on debt refinancing - $11,392

Adjusted EBITDA $16,444 $6,326

Net Loss reconciliation:

Net loss ($17,872) ($3,119)

Add: Impairment Loss $6,878 -

Less: Gain on debt refinancing - $11,392

Adjusted Net Loss $10,994 $14,511

Favorable supply side fundamentals

▪ Low secondhand prices compared to newbuilding prices have resulted in low levels of vessel contracting, as prospective returns

on new orders remain less attractive

▪ During the last 5 years, the ratio of second-hand acquisition values to NB contract prices peaked in January 2014 at 0.93x, or

39% higher than December 2018 levels of 0.67x

▪ Low ordering is expected to continue due to limited berths at quality yards, lack in available finance and competing fleet capex

demand

▪ Secondhand vessels continue to offer prospective returns superior to those on newbuildings

Source: Seanergy analysis, Clarksons Timeseries

24

Access to Capital Markets

Seanergy Maritime Holdings

Corp.

$4.9 Million

Registered Direct Offering

August 2016

Seanergy Maritime Holdings

Corp.

$3.6 Million

Registered Direct Offering

November 2016

Seanergy Maritime Holdings

Corp.

$17 Million

Marketed Public Offering

December 2016

Seanergy Maritime Holdings

Corp.

$2.9 Million

ATM Offering

Feb – Apr 2017

25

Corporate Structure

26

Organizational Chart

27

Key Executives

▪ Master Mariner with 23 years of seafaring and onshore experience

▪ Extensive experience in management, safety, marine, operations and quality assurance

▪ Proven track record in senior management positions

▪ 15+ years in technical and engineering positions

▪ Seagoing experience in various types of vessels as chief engineer

▪ 10 years of on-shore experience in major shipping companies in senior engineering roles

▪ 15+ years experience in finance and accounting, holds a doctorate degree

▪ 12 years of corporate finance experience, 10 years of which in the shipping industry

▪ 14 years of academic experience in the fields of strategic and financial management

▪ Extensive experience in asset-backed lending, debt restructuring and business valuation

Aristeidis Lagos

Chief Operating Officer

Stelios Psillakis

Chief Technical Officer

Christos Sigalas

Financial Manager

Stavros Gyftakis

Chief Financial Officer

▪ 12+ years of experience in shipping and banking with a diversified academic background including two Masters degrees

▪ Held key positions across a broad shipping finance spectrum, including, asset backed lending, debt and corporate restructurings, risk

management and financial syndications

▪ Participated in the structuring of 100+ shipping finance transactions and in numerous restructurings involving public and private shipping

companies

Theodora Mitropetrou

General Counsel

▪ 15+ years of shipping law experience

▪ 10+ years of in-house experience with US-listed shipping companies

▪ Practiced with established shipping law firms advising owners and lenders

▪ Experience in corporate, commercial, shipping and finance law

28

Commercial & day-to-day Technical Management

▪ Exclusive to Seanergy for Capesize commercial management

▪ 28+ years experience in dry bulk shipping, serving as Chief Commercial and Operations Officer and a director of

NASDAQ listed Quintana Maritime from its inception in 2005 until its sale in 2008, with responsibilities including

strategic planning and management of 40 Panamax and Capesize vessels.

▪ Extensive experience in negotiating shipbuilding contracts and complex chartering agreements, including leading

roles in (i) the acquisition agreement and supervision of the construction of 13 x 82000 Kamsarmax vessels at

Tsuneishi Fukuyama Shipyard (2006) and (ii) the shipbuilding contracts for 7 Capesize vessels at Imabari and SWS

(2007)

▪ From 1988 to 2004 he was a senior chartering broker at Navatrade S.A., a leading commercial management firm,

responsible for supervising more than 50 ships with a combined deadweight capacity of 3 million tons

▪ A graduate of City of London Polytechnic, he has significant dry bulk sea-going experience

Nikos Frantzeskakis

Principal of Fidelity Marine Inc.

(Cyprus)

Technical Manager

Role:▪ Daily technical management of vessels

▪ Established in 1991, VShips Group provides full technical management services to a fleet of over

1,100 vessels

Description: ▪ Holds Marine, Safety & Quality certificates awarded by United States Coast Guard and other

governmental & non-governmental agencies

▪ Holds both ISO 9001 & ISO 14001 certificates

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Strong major shareholder: Restis - Breibart family

Restis - Breibart

Family

Major Shareholder

▪ Evan Breibart is an experienced shipping executive, investor and lawyer.

▪ In 2013, Evan and his wife, Claudia Restis, established Jelco Delta Holding Corp. Jelco Delta acquired

a controlling stake in Seanergy in 2014 and has since served as Seanergy's major shareholder

providing both financial and strategic advisory support.

▪ Evan served from 2001 until 2012 as general counsel of the Athens based Restis Group, one of the

largest private shipping companies in Greece. During that period, he was instrumental in growing the

family fleet from 18 reefer vessels to over 120 dry bulk and tanker vessels. He was responsible for

negotiating and executing a broad range of high value strategic transactions, including the acquisition

of the dry bulk division of South African Marine Corporation, the en bloc acquisition of over 30 dry bulk

vessels from MISC, a US$1bn plus newbuilding program in Korea and the PRC, a large number of

vessel sale and purchase transactions, mortgage backed ship finance and capital markets fund raising

(both debt and equity). He was also instrumental in establishing a number of shipping related joint

venture companies including SwissMarine and Paramount Tankers and served as a founding officer

and director of those companies.

▪ In 2011, Evan established a family office, through which he and his family invest in private equity, real

estate, art and other asset classes.

▪ Evan previously practiced shipping law with leading solicitors Watson Farley William and Holman

Fenwick Willan.

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Our major shareholder invests in dry bulk shipping exclusively through Seanergy

with contributions since 2015 of ~$72 million

31