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Excel Maritime Announces the Results of Its Annual General Shareholders' Meeting

ATHENS, GREECE -- (Marketwire) -- 07/09/12 -- Excel Maritime Carriers Ltd. (NYSE: EXM), an owner and operator of dry bulk carriers and an international provider of worldwide seaborne transportation services for dry bulk cargoes, announced today the results of the annual general meeting of its shareholders (the "AGM"). At the meeting the following proposals were approved and adopted: 1) The election of six (6) Directors of the Company, as set forth in Proposal One in the proxy statement distributed to shareholders in connection with the AGM (the "Proxy Statement"); and 2) the appointment of Ernst & Young as the Company's independent auditors for the fiscal year ending December 31, 2012, as set forth in Proposal Two in the Proxy Statement.

About Excel Maritime Carriers Ltd.

Excel is an owner and operator of dry bulk carriers and a provider of worldwide seaborne transportation services for dry bulk cargoes, such as iron ore, coal and grains, as well as bauxite, fertilizers and steel products. Excel owns a fleet of 40 vessels, one of which, a Capesize vessel, is owned by a joint venture in which Excel holds 71.4%, and, together with seven Panamax vessels under bareboat charters, operates 47 vessels (seven Capesize, 14 Kamsarmax, 21 Panamax, two Supramax and three Handymax vessels) with a total carrying capacity of approximately 4.1 million DWT. Excel's Class A common shares have been listed since September 15, 2005 on the New York Stock Exchange (NYSE) under the symbol EXM and, prior to that date, were listed on the American Stock Exchange (AMEX) since 1998. For more information about Excel, please go to our corporate website www.excelmaritime.com.

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