LONDON, 25 June 2010 – Panmure Gordon & Co. is pleased to advise that it has acted as global co-ordinator, joint book runner and joint underwriter for Goldenport Holdings Inc (GPRT.L) in its proposed placing and open offer to raise $35m.

Goldenport will issue 18,496,010 new shares at an issue price of 127p per share, a 1.55% discount to the closing price on 24 June.

Panmure Gordon & Co. group chief executive, Tim Linacre, commented: “We are delighted to have acted as global co-ordinator on this proposed fundraising by Goldenport, the proceeds of which will be used to expand its merchant ship fleet.

“Panmure Gordon has built considerable expertise in the maritime sector, acting for a number of quality maritime transportation companies. In what remain difficult markets, Goldenport’s quality and our outstanding institutional relationships have helped to ensure this transaction has proceeded as smoothly as possible.”

Goldenport currently owns and operates a fleet of 25 vessels, including 11 container ships and 14 dry-bulk carriers.

The fundraising is conditional upon shareholder approval at an EGM on 19 July, 2010.