| Announcement Title | General Announcement |
| Date & Time of Broadcast | Oct 1, 2017 16:10 |
| Status | New |
| Announcement Sub Title | TERMINATION OF TERM SHEET WITH NAVIOS MARITIME HOLDINGS INC. |
| Announcement Reference | SG171001OTHRQM66 |
| Submitted By (Co./ Ind. Name) | Michael Gray |
| Designation | Lead Independent Director |
| Description (Please provide a detailed description of the event in the box below) | Please see attached. |