Excel Maritime Carriers
Ltd. (NYSE: EXM) announced the results of the annual general meeting of its shareholders. At the meeting the following proposals were approved and adopted: the election of seven Directors of the Company; the appointment of Ernst & Young
as the Company’s independent auditors for the fiscal year ending December 31, 2006; an amendment to
the Company’s Articles of Incorporation as set forth in proposal one as described in the
Proxy Statement for the Annual General Meeting.
Excel Maritime Carriers Ltd
. 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.