Samios Shipping Company S.A.
COMPANY HISTORY
SINCE 1973

Established Dry Bulk shipping company which traces its origins back to 1973.

The Company has adopted a long-term strategy of prudent operation, always maintaining a strong liquidity position to weather market downturns and act swiftly on potential S&P opportunities.

The Company’s strategy is to purchase vessels at low prices, operate and sell them at higher values as it can be seen,
on an indicative basis, on the attached Appendix (Capital gains from S&P activity)

CAPITAL GAINS FROM S&P ACTIVITY
PURCHASE
SALE
PROFIT
Vessel
Date
Price
Loan
Equity
Date
Price
Capital Gain
Equity Gain
ROA
ROE
MANA
NOV-99
1.720.000
1.100.000
620.000
SEP-04
3.750.000
2.030.000
2.650.000
118%
427%
MYRTO
APR-00
4.950.000
4.668.000
282.000
DEC-04
13.780.000
8.830.000
9.112.000
178%
3231%
RONY
AUG-00
1.550.000
1.550.000
0
MAR-04
2.800.000
1.250.000
1.250.000
81%
infinite
THEODOR
NOV-00
1.970.000
1.168.000
802.000
OCT-08
5.050.000
3.080.000
3.882.000
156%
484%
PANAGIA TINOU
OCT-01
4.500.000
2.900.000
1.600.000
JUL-06
7.370.000
2.870.000
4.470.000
64%
279%
AGIA PISTI
MAR-02
3.250.000
2.900.000
350.000
MAY-04
9.500.000
6.250.000
6.600.000
192%
1886%
AGIA FLOGA
DEC-02
4.750.000
3.652.500
1.097.500
MAY-04
11.400.000
6.650.000
7.747.500
140%
706%
DEMETRIOS
AUG-03
3.200.000
2.800.000
400.000
SEP-04
8.770.000
5.570.000
5.970.000
174%
1493%

1. The above table includes a number of selective S&P decisions without taking into account the profitability returns from vessels'operations.
2. The above capital gains returns are absolute total and not compounded

COMPETITIVE STRENGTHS
Long-standing
experience in ship owning
and shipmanagement
The Company’s founders and their family have been involved in shipping since the early 1970s with a history of profitability through various shipping cycles generated from efficient operations and well timed sale and purchase decisions.
High standards
of operation
and maintenance
The Company operates its fleet under a stringent safety management system with managed vessels continuously inspected by Company’s representatives.
An experienced
management team with
a proven track record
Our management team has a history of being able to strategically monitor market developments and the shore-based operations team is comprised of experienced ex-seagoing marine officers and personnel who have been with the Company for many years.
Long-term high
quality relationships
The Company has built strong relationships with banks, insurers , P+I clubs and cargo charterers, limiting default risk and providing the opportunity for repeat business.
Business
RELATIONSHIPS
The Company has established working relationships with first-class business partners

SAMIOS SHIPPING COMPANY S.A.

Banks HSBC, Citigroup, EFG Group
Charterers ADM (Toepfer), Copenship, Vitol, Glencore, Conti Line, BHP
Brokers Howe Robinson, SSY, Clarksons, Arrow, Allied Auditors
Auditors Price Waterhouse Coopers (PwC)
Business
STRATEGY
Capitalise on growth opportunities through selective acquisitions
Maintain the company’s financial strength
Mixed business strategy relying on both operational and capital gains
Attraction and retention of blue-chip associates
Financially audited since 2000 by Pricewaterhousecooper (PwC)