On March 5 Far-Eastern Shipping Company has officially calculated the voting results of the extraordinary general shareholders meeting, held by proxy voting on February 26, 2007.

The total percentage of votes participating in the EGM is 77.96%.

Shareholders were asked to approve new versions of the company’s Charter, Board of Directors Provision and Shareholders’ Meeting Provision.

Over 99% of votes participating in the EGM went «FOR» on all three proposed items of the Agenda.

Therefore, all proposed by-laws were approved and now comply with new legislative requirements and RTS listing rules, reflecting most up-to-date corporate governance principles.

FESCO is grateful to its shareholders for active voting and support to the company’s initiatives.