Marenave Schiffahrts AG / Key word(s): Letter of Intent/Banking Syndicate 06.06.2016 16:28 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. --------------------------------------------------------------------------- Marenave Schiffahrts AG ("Marenave" or "Company") has received today in the course of the ongoing discussions with the banks financing the Marenave-fleet a letter of intent that remains subject to approval by the banks' respective bodies. According to this letter of intent, the entire Marenave-fleet shall be sold for the best possible repayment of the ship financing loans which were granted by the banks to the single ship subsidiaries and guaranteed by the Company. Furthermore, the banks are willing to release the Company - under certain prerequisites - from any liability. The release from liability is an essential requirement for the entry of a potential investor. The Company's Management Board will now examine the proposal in detail with its advisors and is optimistic that the concept contemplated in the letter of intent can be implemented. The Management Board 06.06.2016 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 ---------------------------------------------------------------------------