Blue Star Maritime S.A. announces, that at the Mandatory Public Offer of "MIG SHIPPING S.A." to the shareholders of Blue Star Maritime S.A., the outcome of which was published on 4th January 2008, the following persons offered shares of Blue Star Group as herebelow:

a) Mr Charalambos Paschalis, President, offered 5,000 ordinary shares of total value Euro 19,150,

b) Mr Michael Gialouris, Vice President, offered 25,000 ordinary shares of total value Euro 95,750,

c) Mr Spiros Paschalis, Authorized Director, offered 12,000 ordinary shares of total value Euro 45,960,

d) Mr Pericles Panagopulos, Director-Executive Member, offered indirectly 37,000 ordinary shares of total value Euro 141,710

e) Mr Antony Strintzis, Director-Executive Member, offered indirectly 349,166 ordinary shares of total value Euro 1,337,305.70,

f) Mr George Karistinos, Director-Independent Non Executive Member, offered 4,100 ordinary shares of total value Euro 15,703,

g) Mr Nikolaos Tapiris, Financial Director, offered 1,000 ordinary shares of total value Euro 3,830,

h) Mrs Maria Stamouli, Legal Advisor, offered 1,892 ordinary shares of total value Euro 7,246.36.