DGAP-Ad-hoc: Marenave Schiffahrts AG / Key word(s): Agreement/Banking Syndicate Marenave Schiffahrts AG: Renewed extension of statements of financing banks not to seriously demand payment in light of pending restructuring negotiations 26-Jan-2017 / 21:57 CET/CEST Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Marenave Schiffahrts AG (Marenave or Company) today has received written declarations of the relevant financing banks, according to which they will extend their statements (partially) not to seriously demand payment of the amounts due under the respective ship financing loans and under the corresponding guarantees given by Marenave (see ad-hoc announcement on 16 December 2016) until 28 February 2017. These statements are subject to immediate revocation notably in case that certain milestones are not reached in due time or to the banks' satisfaction. The negotiations on agreements on the restructuring and release of liability between the Company and the financing banks are being continued. The Management Board --------------------------------------------------------------------------- 26-Jan-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: Marenave Schiffahrts AG Caffamacherreihe 7 20355 Hamburg Germany Phone: 040 / 28 41 93 0 Fax: 040 / 28 41 93 297 E-mail: [email protected] Internet: www.marenave.com ISIN: DE000A0H1GY2 WKN: A0H1GY Listed: Regulated Market in Hamburg; Regulated Unofficial Market in Berlin, Munich; Open Market in Frankfurt End of Announcement DGAP News Service --------------------------------------------------------------------------- 539455 26-Jan-2017 CET/CEST