Company PresentationCompany PresentationCompany PresentationCompany PresentationMarch 2011

Disclaimer – Forward Looking StatementThis presentation includes statements that are, or may be deemed to be, “forward-looking statements” as defined underU.S. federal securities laws. These forward-looking statements reflect the current views, forecasts, expectations, beliefs andprojections of Globus Maritime Limited (the “Company”) with respect to future events and financial performance and mayinclude plans, objectives, intentions and other statements concerning, among other things, results of operations, financialcondition, liquidity, prospects, growth, strategies and the industry in which the Company operates, all of which are nothi t i l f thistorical facts.

The forward-looking statements in this presentation are based on various assumptions, including without limitation,management’s examination of historical operating trends, data from the Company’s records and other data available fromthird parties. Because these assumptions are inherently subject to significant risks, uncertainties and contingencies whichare difficult or impossible to predict and are beyond the Company’s control. Past performance, trends or activities of theCompany or its shares cannot be relied on as a guide to future performance, trends or activities.

The Company’s actual results could differ materially from those anticipated in forward-looking statements for many reasonsspecifically as described in the Company’s filings with the Securities and Exchange Commission. Accordingly, you shouldnot unduly rely on these forward-looking statements, which speak only as of the date of this communication. The Companydoes not assume and expressly disclaims any obligation to update these forward looking statements or to reflect thep y y g p goccurrence or non-occurrence of any events. You should, however, review the factors and risks the Company describes inthe reports it will file from time to time with the Securities and Exchange Commission after the date of this communication.

The financial information and data contained in this communication is unaudited and does not conform to the Securities andExchange Commission Regulation S-X. Accordingly, such information and data may not be included in, may be adjusted inor may be presented differently in, the Company’s filings with the Securities and Exchange Commission. Thisor may be presented differently in, the Company s filings with the Securities and Exchange Commission. Thiscommunication includes certain financial information that is not derived in accordance with generally accepted accountingprinciples (“GAAP”), and which may be deemed to be non-GAAP financial measures within the meaning of Regulation Gpromulgated by the Securities and Exchange Commission. The Company believes that the presentation of these non-GAAPfinancial measures serves to enhance the understanding of the financial performance of the Company. However, these non-GAAP financial measures should be considered in addition to and not as substitutes for, or superior to, financial measuresof financial performance prepared in accordance with GAAP Please refer to the Company’s filings with the Securities and

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of financial performance prepared in accordance with GAAP. Please refer to the Company s filings with the Securities andExchange Commission for a discussion of these non-GAAP financial measures.

Market Update ReportMarket Update Report

Market Update

Current themes•Approx. 18mt of iron ore and coal were “lost”in January, majority being Cape cargoes.

Source: Baltic Exchange

Approx. 18mt of iron ore and coal were lost in January, majority being Cape cargoes. •Rates are expected to increase into Q2 as the various weather related disruption on the cargo side is likely to see a gradual return towards normal levels.•High commodity prices may hold back demand for some time.•S. American grain season supports ton mile growth in Q2.

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S. American grain season supports ton mile growth in Q2.•Some vessels returning to the market after having charters terminated by Korea Line.

Industry Overview

• 2011 trade volume expected to increase by 5% while tonnage supply by 14%.

• We believe Capesize sector to be most vulnerable, while the smallest ships are least vulnerable.p p

• Chinese GDP accelerated from 9.6% in Q3-2010 to 9.8% in Q4-2010.

• January recorded record iron ore imports of 69mt and record port inventories of 80.1mt.

• Demand for nickel, driven by China’s stainless steel production continues to be strong.

• Chinese CPI rose by 4.9% in January against an annual government target of 4%, while non food prices rose 2.6% and food prices rose 10.3%.

• Chinese Central Bank trying to restrain money and credit growth, with 7 hikes in banks' reserve requirements (now at 20% for the large Chinese banks). This could ultimately have a negative effect on dry cargo demand.

• 2010 I di i t 9% d f th t t id i i t i ti i• 2010 Indian iron ore exports are -9% and further states consider imposing restrictions on iron ore exports adversely affecting the Indian freight market.

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Industry Overview (continued)

• Disruptions to coal supply from Australia cause price increases that keep Chinese demand focused on cheaper domestic supplies.

• The unrest in many North African - Middle Eastern countries has affected and delayed some port operations but imports of wheat continue normally while the region has limited exports of fertilizers.

• Freight rates now constitute a smaller percentage of commodity prices.

• Inefficiencies in fleet utilization (caused by port congestion and increased ballasting) will influence freight volatility. Panamax fleet is getting more and more inefficient with limited back haul shipments which supports longer ton miles.

• Asset prices for modern tonnage currently at a disconnect with freight market.p g y g

• S&P market stagnates as sellers refuse to accept new price levels.

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Dry Bulk Fleet Orderbook as per

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Dry Bulk Fleet Age Profile, Scrapping & Orderbook

Dry Bulk Orderbook(as % of existing fleet)

(1/1/2011)

• Capes: 61.9%

• Panamax:56,1%,

• Handymax:42%

• Handysize: 32.7%

2009-10 increase

• 75.9mDwt = +16.5%

2010-11 increase

Scheduled :137.3mDwt

Expect high slippage %

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Source:

Impact of Japan’s earthquake • Japan: 3rd biggest global economy, well equipped and experienced in dealing with natural disasters.

• Main industrial and refining regions not seriously impacted.

• Logistical chains will be affected, yielding disruption and delays in production. Expected initial drop in shipping demand likely to be followed by strong recovery as industries restock and increase production during the rebuilding process.

• Disruptions should be dealt quickly because of “just in time” model of small stockpiles and efficient logisticsDisruptions should be dealt quickly because of just in time model of small stockpiles and efficient logistics chain.

• Japan has excess capacity as prior to the earthquake, steel production and refining utilization were running at levels well below maximum.

• Power supply situation should disrupt manufacturing and production output => impact export trade as production will focus on rebuilding process.

• Nuclear shutdowns will require alternative fuel supplies to plug the gap in power generation. Demand for Crude/Fuel oil, coal and LNG should increase.Crude/Fuel oil, coal and LNG should increase.

• Within Q2 rebuilding will start which will require steel, timber, cement and other materials. Unknown what % of these materials will be provided locally or imported.

Source: Galbraith’s Market update 18/3/2011

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Impact of Japan’s earthquake (continued)

• Trade flows will be affected by reduced exports as domestic production channeled towards rebuilding efforts. Goods/products previously sourced from Japan may need to be covered by exports from other countries.

• Commodity demand likely to be firm in the future from Japan and/or other countries which may provide y y p y pproducts to Japan or to countries which relied on Japanese goods.

• Global demand for commodities remains high and any volumes possibly not taken by Japan will find buyers elsewhere particularly if the current trend of falling prices continues.

• Further stimulus to coal and oil demand might be generated as other countries re-assess the current status and future of their own nuclear facilities.

• 6 refineries (1,4mb/day -31% of Japan’s total capacity) have halted operations.

• Tokyo and all ports south of the capital are operating. 4 medium sized ports that handled mostly containers, grain, coal and other dry bulk cargoes are severely damaged and not expected to return to operation for many months.

• 5 coal powered power plants have been affected. Excess generating capacity from oil fired plants is now5 coal powered power plants have been affected. Excess generating capacity from oil fired plants is now being used.

• Major commercial building shipyards have not been seriously affected.

• Grain imports are expected to increase while cement exports of 0 9mt/month will now most likely be used for• Grain imports are expected to increase while cement exports of 0,9mt/month will now most likely be used for domestic reconstruction forcing Far and South Eastern importers to import from other exporters.

Source: Galbraith’s Market update 18/3/2011

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The CompanyThe Company

Company Highlights

• Formed in 2006 with $40m seed-equity from CEO and Non-Exec Chairman;

• Listed on AIM transferred to NASDAQ• Listed on AIM – transferred to NASDAQ

• Raised $50m in IPO (AIM) in June 2007;

• At 2010 AGM shareholders approved redomiciliation to Marshall Islands & listing in the US;

B t di NASDAQ 29 N 2010• Began trading on NASDAQ on 29 Nov 2010;

• Active Fleet Development in tandem with market cycle

• Bought 5 mid 90’s Handymaxes in summer 2006 from 3rd party;

• Bought 3 additional vessels (Panamax & Supramax) in 2007 from 3rd parties;

• Sold 6 (5 Handymaxes + 1 Panamax) of the 8 vessels between Sept 2008 and Feb 2010;

• Bought 2 new Supramaxes in May 2010 and 1 new Kamsarmax in June 2010;

• Signed MoA for a US$30,3m acquisition (Q3-11) of a 2007-built Supramax, with TC until Jan 2015.

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Company Highlights

• Attractive dividend

• Paid $2 1m dividend to Founders in May 2007;• Paid $2.1m dividend to Founders in May 2007;

• Paid $19.2m in dividends in September 2007 – Sept 2008 period;

• Paid $820K dividend in Sept 2010;

P id $1 16 di id d i D 2010• Paid $1.16m dividend in Dec 2010;

• Paid $1.16m dividend in Mar 2011.

• Strong banking relationships

• Revolving Credit Facility from Credit Suisse $120m in Nov 2007;

• Credit facility from Deutsche Schiffsbank $26.7m in May 2010.

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Globus’ Strengths

• Good assets-fleet’s weighed avg. age of 4.6 years (30/Sep/11)

• Moderately Leveraged

• Moderate debt (22/Mar/11): $96.65m to two very experienced shipping banks

• High liquidity (22/Mar/11): approx. $27.5m in cash

• In house management of vessels

• Low counterparty default risk

• Compliant with all bank covenants (31/Dec/10)

• Strong relationship with banks, auditors (Ernst & Young) and SOX advisors (Deloitte)

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Lowlands Patrache acquisition has not been included in debt and liquidity positions above.

Business Strategy

Acquire 2nd hand ships to newbuilding resales Panamax/Supramax dry bulk (less volatile – better fundamentals

than Capes)

Good Assets:Modern/Quality Fleet

Vessel Employment

Balanced between spot / period employment Deploy on medium term TC with staggered renewals

Maximizes fleet utilization / Provides earnings visibility / stability Better financing terms => increased RoE

I h i l d t h i l t i d t

Customer base of established charterers to reduce counterparty riskCustomers

In-house commercial and technical management in order to Avoid conflicts of interest Provide better service to charterersProvide transparency to investors

Vertically integrated Corporate Structure

Business strategy specifically designed to attract public investors.

Strong Non Executive Independent Directors In house commercial and technical managementCorp. Governance

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gy y g

Current Fleet and Employment Profile (as of 22 March 2011)

Vessel Name Type Year Built DWTDaily Charter

Rate(1)

Earliest Charter Expiration / remaining duration

Charterer

duration

River Globe Supramax 2007 53,627 Spot

Sky Globe Supramax 2009 56,785 Spot

Star Globe Supramax 2010 56,785 $22,000 April 2011 Transgrain

Tiara Globe Panamax 1998 72,928 $20,000 Jan 2012 Transgrain

Jin Star Kamsarmax 2010 79,788 $14,250 (2) Jan 2015 EMIC –F.E. Silo

Lowlands Supramax 2007 58 750 $16 000 Jan 2015 COSCO Patrasche Supramax 2007 58,750 $16,000 Jan 2015 Qingdao

At 30/9/2011w. aver. age

4.6 years378,703

(1) All rates are gross and include brokers’ commission..

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( ) g(2) Jin Star rate is Bareboat(3) Lowlands Patrasche will be delivered to Globus in Q3 -2011.

Time charter cover

2011 2012

$20,000/day Spot

River Globe

Tiara Globe

Spot

Spot

Spot

B b Sky Globe

Star Globe

Bareboat rate $14,250/day

$16,000/day, Lowland Patrache

Jin Star

31-Dec-1131-Dec-10

1) Based on the earliest charter expiration dates

31-Dec-12Charter Coverage 47% 35%

1) Based on the earliest charter expiration dates. 2) Sky Globe and River Globe are currently operating on the spot market3) Assumes delivery of Lowland Patrache on 1st September 2011

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Operating Highlights

Globus Maritime Limited

F Y 2010 Q4 - 10 F Y 2009 Q4 - 09

1 458 460Ownership Days 1,4581,2721

4603681 2,314 432

Available Days 1,4581,2721

4603681 2,277 432

Operating Days 1,4411,2551

4523601 2,246 428

Average No of Vessels 4 5 6.3 4.7

Fleet Utilization 98.8% 98.3% 98.6% 99.1%

TCE (pv/pd) $18,996 $18,209 $21,550 $23,546

Average Opex1 (pv/pd) $4,628 $4,791 $4,381 $4,465

(1) E l di B b t d

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(1) Excluding Bareboat days

Financial SummaryFinancial Summary

Income StatementGlobus Maritime Limited (US$ 000’s) F Y 2010 Q4 - 10 FY 2009 Q4 – 09

Net revenue 26,708 7,963 49,070 10,172

Operating expenses - 5,887 - 1,763 -10,137 -1,929p g p , , , ,

Admin expenses - 3,687 - 1,086 -5,030 -1,293

Other oper. Inc./exp. - 35 - 16 -106 -70

Adjusted EBITDA 17,099 5,100 33,797 6,880Adjusted EBITDA 17,099 5,100 33,797 6,880

Profit (Loss) on Sale of Vessel 7 -802 94

Impairment Charge -28,429 -6,104

Gain/Loss on SWAP - 570 389 143 95

Deprec & amortization - 7,777 - 2,306 - 12,716 - 1,836

Finance expenses - 2,133 - 564 - 2,926 - 565p , ,

Finance income 247 15 1,032 264

FX gains/loss - 870 - 10 - 178 - 8

NET INCOME/Loss 6 003 2 624 - 10 079 - 1 180

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NET INCOME/Loss 6,003 2,624 10,079 1,180

Balance Sheet

Globus Maritime Limited (US$ 000’s) 31 / 12 / 10 30 / 06 / 10 31 / 12 / 09 31 / 12 / 08

Cash 24,618 22,745 59,157 65,342

Non-Current Assets 191,556 196,216 93,204 216,075

Total Assets 218,452 220,588 187,570 284,446

Total Bank Debt (LT+ST) 96,238 101,687 70,075 156,983

Deferred Revenue 526 735 511 1,358

Other Liabilities 3,900 3,470 3,526 4,322

Retained Earnings 28,942 26,138 24,913 34,154

Capital 88,846 88,558 88,545 87,629

Total Liabilities & Equity 218,452 220,588 187,570 284,446

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Strong Liquidity – Moderate Leverage

Globus Maritime Limited(US$ million)

At December 31, 2010 At February 24, 2011(US$ million)

Cash $24.6(1) $28.5(1)

Bank Debt $96.7 $96.7

Net Debt $72.0 $68.2

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(1) Includes $1 of restricted cash

2010 Dividends

Globus Maritime Limited

Q1 & Q2 - 10 Q3 - 10 Q4 - 10 F Y 2010

EPS (in $) 0.15 0.32 0.36 0.83

DPS (in $) 0.11 0.16 0.16 0.43

fAmount of Dividend (in $ million) 0.8 1.2 1.2 3.2

Paid in Sept 2010 Dec 2010 Mar 2011

Ann. Div. Yield at $8.50/share 7.53%

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Investment Highlights

Globus Maritime is the right dry bulk company

Experienced Management / Strong non execs

Modern assets

Strong shareholders

Moderate leverage

Significant Growth Potential through

the capital k t

Corporate Governance standards

Low cost operator

Strong banking relationships

markets

Strong banking relationships

Transparent in house shipmanagement

Pay dividend >50% of Net Income.

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AppendixAppendix

Existing Corporate Structure(1)

Incorporated in Marshall Islands Managed in Athens Identifying / executing acquisition

and disposal opportunitiesGlobus Maritime Ltd. 100% and disposal opportunities Determining appropriate fleet mix Responsible for approving

employment of vessels Actively supervise activities of

Commercial and Technical

Commercial management− Assistance with seeking and

negotiating employment of l

(Marshall Is.)

Globus Shipmanagement Corp.

00%

100% Commercial and Technical management

Maintain and develop relationships with blue-chip customer base

Financing

vessels− Day-to-day management of

relationship with charterers

Technical management− Crewing drydocking

(Marshall Is.) 100%

Crewing, drydocking, insurance, repairs

− Classification and regulatory compliance

Devocean M iti Ltd

Domina M iti Ltd

Dulac M iti S A

ElysiumM iti Ltd

Kelty Marine Ltd

M/VRiver Globe (Marshall Is.)

M/V Sky Globe

(Marshall Is.)

M/V Star Globe

(Marshall Is.)

M/V Tiara Globe (Marshall Is.)

M/V Jin Star

(Panama)

Maritime Ltd (Marshall Is.)

Maritime Ltd (Marshall Is.)

Maritime S.A. (Marshall Is.)

Maritime Ltd. (Marshall Is.)

Ltd. (Marshall Is.)

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(1) As at 31 January 2011

Executive Team

George Karageorgiou, Chief Executive Officer Co-founder, Chief Executive Officer since September 2006 19 years shipping experience (5 years of which involved public company experience)

− Projects engineer for Kassos Maritime Enterprises from 1990-1992 − Director and Corporate Secretary for the NYSE listed Stelmar Shipping Limited from 1992-2004. During his

time at Stelmar Shipping Limited, Mr. Karageorgiou assisted with both vessel acquisitions, financings and strategy

P i l di t f G Ltd J t H ldi Ltd I t tC f Ltd C i Previously a director of easyGroup Ltd, easyJet Holdings Ltd, easyInternetCafe Ltd, easyCruise Ltd and a number of other easyGroup subsidiaries

Mr. Karageorgiou holds a BE in Mechanical Engineering and an ME in Ocean Engineering from Stevens Institute of Technology and an MSc in Shipping Trade and Finance from CASS Business School

Elias Deftereos, Chief Financial Officer Chief Financial Officer since April 2007 10 years shipping experience: Olympic Maritime (Onassis Group) in Monte Carlo, ABN AMRO

Bank shipping finance in London, Konkar Shipping Agencies and Astron Maritime in Athens 10 years banking and capital markets experience: Lehman Brothers in London and Mytilineos

Holdings in Athens Mr Deftereos holds a BA in Economics from the State University of New York at Buffalo and an

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Mr. Deftereos holds a BA in Economics from the State University of New York at Buffalo and an MBA in Finance from the University of Chicago

Corporate Governance – Non Executive Directors

Globus is committed to maintaining a high standard of corporate governance taking into account its size and nature of business− Two well-respected industry figures appointed as independent non-executive directors together with co founder

− Audit, Remuneration and Nominations Committees established

− Board composition comprises of 2 executive Directors (CEO, CFO) + 3 Non Executive Directors

Non-Executives

George Feidakis 59 Mr Feidakis our co-founder is a major shareholder and chairman of FG Europe aGeorge FeidakisNon executive Chairman

59 Mr. Feidakis, our co-founder, is a major shareholder and chairman of FG Europe, a company listed on the Athens Stock Exchange. FG Europe is active in four lines of business and distributes international brands in Greece, the Balkans, Turkey, and Italy. FG Europe is a market leader in the air-conditioning market in Greece and is active in electrical appliances, power generation from renewable sources of energy and mobile telephony. Mr. Feidakis is also active in real estate development.

Amir Eilon 59 30 years investment banking experience. Mr. Eilon is currently a director of Eilon & Associates Ltd, which provides general corporate advice. Previous positions include Managing Director of Morgan Stanley, London (1985-1990), Managing Director of BZW (1990-1998) where he was head of global capital markets and Managing Director of

p y p

Credit Suisse First Boston Private Equity (1998-1999).

Jeff Parry 50 25 years shipping Mr. Parry is currently the president of Mystic Marine Advisors LLC, an advisory firm specializing in turnaround and emerging shipping companies. From 2008 to 2009, he was president and CEO of Aries Maritime Transport Ltd (now named NewLead Holdings Ltd.). He has also served as MD of A.G. Pappadakis & Co., an Athens-based

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g ) pp ,shipowner (2007 to 2008), and MD of Poten Capital Services, a U.S. broker/dealer specializing in shipping (2002 to 2007).

ContactsGlobus Maritime LimitedGeorge KarageorgiouChief Executive Officerkarageorgiou@globusmaritime.gr

Elias DeftereosChief Financial Officerdeftereos@globusmaritime.grkarageorgiou@globusmaritime.gr

Tel: +30 210 960 8300www.globusmaritime.gr

deftereos@globusmaritime.grTel: +30 210 960 8300www.globusmaritime.gr

Capital Link – New YorkNicolas BornozisMatthew Abenante+1 212 661 7566globus@capitallink.com

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