DGAP-Adhoc

Marenave Schiffahrts AG: Renewed extension of statements of financing banks not to seriously demand payment in light of pending restructuring negotiations

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 28-Feb-2017 / 21:05 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. Until today Marenave Schiffahrts AG (Marenave or Company) has received written declarations of the relevant financing banks, according to which they 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 26 January 2017) until 31 March 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

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28-Feb-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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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:	[e-mail]
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

548999  28-Feb-2017 CET/CEST