GMR will pay a dividend of $0.66 on September 8 to holders as of Wednesday, August 23. General Maritime will be paying a quarterly dividend of $0.66 per share on or about September 8, 2006 with a record date of August 25, 2006. The dividend amount was determined in accordance with the Company’s policy of paying an amount equal to EBITDA less reserve for fleet renewal and maintenance. In addition, in determining the quarterly dividend for Q2 2006 the Company’s Board of Directors excluded the Company’s gain on sale of vessels during the quarter and certain non-recurring expenses as well as expenses associated with our derivative financial instruments. The first half 2006 dividend equates to an annualized 11.2% yield based on the closing price of General Maritime’s common stock as of July 25, 2006.

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