Notes: July 17, 2015 -- Genco Shipping & Trading Limited and Baltic Trading Ltd. announced that Genco and Baltic Trading completed their merger on July 17, 2015, in which Genco acquired Baltic Trading in a stock-for-stock transaction. Genco is expected to begin trading when the market opens on Monday, July 20, 2015 on the New York Stock Exchange (NYSE) under the symbol GNK. ________________April 21, 2014, the Company received notice from the New York Stock Exchange, Inc. that the NYSE had determined that the Company’s common stock should be immediately suspended from trading on the NYSE. The NYSE indicated that this decision was reached as a result of the filing by the Company and the other Debtors of the Chapter 11 Cases under the Bankruptcy Code in the Bankruptcy Court pursuant to Listed Company Manual Section 802.01D. The Company intends to inform the NYSE that it does not intend to take any further action to appeal the NYSE’s decision. Therefore, it is expected that the Company’s common stock will be delisted after the completion of the NYSE’s application to the Securities and Exchange Commission to delist the Company’s common stock. The Company believes that its common stock will commence trading on the over-the-counter market under symbol GNKOQ following suspension of trading on the NYSE.