In accordance with article 292 par. 4 of the Regulation of the Athens Exchange, Blue Star Maritime S.A., announces that a conference call took place today, Thursday 22nd February, 2007 at 17.00, hosted by the Group''s management, presenting to the investment community the full year 2006 results of the Group.

In the course of the conference call, the key financial data of the Group''s balance sheet and financial results were presented, and reference was made to the improvement of operational profitability despite the increase in the price of fuel oil, the fare liberalization on the major routes of the Greek domestic market as of May 2006, as well as the redeployment of vessel Blue Star 1 to the Scotland-Belgium route as of 29th January 2007.

2007 is expected to be a promising year as far as incoming tourism for Greece is concerned. In this respect, the Group will apply a flexible pricing policy aiming to extend the high season and increase its volumes. Furthermore, the full year operation of vessel Diagoras in tandem with the decrease in the operational expenses following the downward trend observed in the price of fuel oil in recent months are the main factors that will lead to Group''s further development for the year 2007.