ATHENS, GREECE--(Marketwired - Nov 3, 2016) - Globus Maritime Limited ("Globus" or the "Company,") (NASDAQ: GLBS), a dry bulk
shipping company, announced today that it has received a letter from NASDAQ, indicating that the Company has regained compliance
with the $1.00 per share minimum closing bid price requirement for continued listing on the NASDAQ Capital Market, pursuant to
the NASDAQ marketplace rules. Since May 9th, 2016, Globus was eligible for an additional 180 calendar day period to regain
compliance. For at least 10 consecutive business days from October 20, to November 2, 2016, the closing bid price has been
greater than $1.00. NASDAQ indicated within its letter that since the Company has regained compliance with Listing Rule
5550(a)(2) (the "Minimum Bid Price Rule"), this matter is now closed.
About Globus Maritime Limited
Globus is an integrated dry bulk shipping company that provides marine transportation services worldwide and
presently owns, operates and manages a fleet of five dry bulk vessels that transport iron ore, coal, grain, steel products,
cement, alumina and other dry bulk cargoes internationally. Globus' subsidiaries own and operate five vessels with a total
carrying capacity of 300,571 Dwt and a weighted average age of 8.5 years as of September 30, 2016.
Safe Harbor Statement
This communication contains "forward-looking statements" as defined under U.S. federal securities laws.
Forward-looking statements provide the Company's current expectations or forecasts of future events. Forward-looking statements
include statements about the Company's expectations, beliefs, plans, objectives, intentions, assumptions and other statements
that are not historical facts or that are not present facts or conditions. Words or phrases such as "anticipate," "believe,"
"continue," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "will" or similar words
or phrases, or the negatives of those words or phrases, may identify forward-looking statements, but the absence of these words
does not necessarily mean that a statement is not forward-looking. Forward-looking statements are subject to known and unknown
risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially
from those expected or implied by the forward-looking statements. The Company's actual results could differ materially from those
anticipated in forward-looking statements for many reasons specifically as described in the Company's filings with the Securities
and Exchange Commission. Accordingly, you should not unduly rely on these forward-looking statements, which speak only as of the
date of this communication. Globus undertakes no obligation to publicly revise any forward-looking statement to reflect
circumstances or events after the date of this communication or to reflect the occurrence of unanticipated events. You should,
however, review the factors and risks Globus describes in the reports it will file from time to time with the Securities and
Exchange Commission after the date of this communication.