Marenave Schiffahrts AG / Key word(s): Miscellaneous 01.07.2016 13:10 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Extension of the reduced repayment rates The Agreement with the bank consortium ("bank consortium") financing Marenave Schiffahrts AG's eight product tanker and container shipping companies ("single ship companies") to extend the repayment structure agreed in the restructuring agreement (Sanierungsvereinbarung) dated 24 April 2013 and its amendments announced in an ad-hoc-announcement on 15 February 2016 has expired at midnight yesterday. In light of the ongoing restructuring negotiations the bank consortium has agreed to only seriously demand payment from the single ship companies of the amounts due under the respective ship financing loans, to the extent the respective single ship companies actually have the financial capacity to make such payments in light of their revenue situation and the liquidity accumulated until the relevant due dates. The quarterly minimum repayment amount per single ship company shall, however, amount to at least USD 100,000. The Management Board 01.07.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media 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 ---------------------------------------------------------------------------