ATHENS, GREECE--(Marketwired - Jan 13, 2017) - Globus Maritime Limited ("Globus," or the "Company"), (NASDAQ: GLBS), a
dry bulk shipping company, announced today that its previously disclosed private placement and conversion of debt will not occur
as planned. The transaction was previously described in the Company's press release issued on November 28, 2016 and Current
Report on Form 6-K filed with the Securities and Exchange Commission on November 29, 2016. These transactions with multiple
parties had to all close simultaneously, but one party has not agreed to consummate the transaction.
This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein,
nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities offered
have not been registered under the U.S. Securities Act of 1933, as amended, or any other securities laws and may not be offered
or sold in the United States or to a U.S. person absent registration or an applicable exemption from registration
requirements.
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 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 8.8 years as of December 31, 2016.
Safe Harbor Statement
This communication contains "forward-looking statements" (as defined in Section 21E of the Securities Exchange Act of 1934, as
amended). 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.