COASTAL BULK SHIPPING LIMITED

Company status: In Compulsory Liquidation

Notice to Creditors of Intention to Declare Dividend (Rule 11.2)

A first and final dividend is intended to be declared in the above matter. All creditors who have not already done so are invited to prove their debt.

Any creditor who does not submit their claim to me at BDO LLP, 2 City Place, Beehive Ring Road, Gatwick, West Sussex RH6 0PA by 17 April 2012 will be excluded from this dividend which is to be declared within four months from the last date for proving.

20 March 2012

William Matthew Humphries Tait Joint Liquidator