Sphinx Investment Releases Statement In Respect Of Its Investment In Seanergy Maritime; Says Ongoing Litigation And Shareholder Proposals Are Not Based On Simple Policy Disagreement

Sphinx said it has reviewed Seanergy's recent statements to the media and in its May 31 press release, and said it appears that Seanergy thinks that it can confuse shareholders into forgetting what CEO Stamatis Tsantanis and the "independent" members of the Seanergy Board of Directors have done to them by reciting platitudes about good governance and strategic plans.