General Maritime Corporation Appoints Pribor as CFO

General Maritime Corporation announced that it has appointed Jeffrey D. Pribor as its Chief Financial Officer. Mr. Pribor will join General Maritime on September 1, 2004. Mr. John Georgiopoulos, who is currently serving as interim Chief Financial Officer, will remain with General Maritime in his existing role as Vice President, Chief Administrative Officer, Treasurer and Secretary. Peter C. Georgiopoulos, Chairman, Chief Executive Officer and President, stated, "We are delighted to welcome Jeff to General Maritime. The depth of Jeff's financial expertise combined with his extensive banking experience in the shipping industry will serve us well as we further solidify our position as a premier tanker company. I would like to extend my thanks to John Georgiopoulos, who has done an exceptional job in his role as interim Chief Financial Officer and continues to be a core member of our finance and executive management team." Mr. Pribor joins General Maritime with over 20 years of banking, capital markets, shipping and legal experience. Mr. Pribor most recently served as Managing Director and President of DnB Nor Markets Inc., the US investment banking division of DnB Nor ASA., where he was responsible for mergers and acquisitions, strategic advisory services and US capital market activities for the bank's shipping, offshore, logistics and energy clients. Prior to this, Mr. Pribor was Managing Director and Group Head of Transportation Banking at ABN AMRO Inc. where he was responsible for all commercial and investment banking activities for shipping and other transportation companies in North America. Prior to that, Mr. Pribor was Managing Director and Sector Head of Transportation and Logistics Investment Banking for ING Barings. He also worked for over 10 years in the Mergers and Acquisitions group at Merrill Lynch and as an Associate attorney in the corporate and banking law practice of Milbank, Tweed, Hadley and McCloy. Mr. Pribor earned his BA in Economics and Political Science from Yale University. He also earned his JD and MBA from Columbia University. Mr. Pribor commented, "I am excited to be joining a company with a reputation for delivering strong results to both shareholders and customers. General Maritime has developed an impressive track record for utilizing its strong financial position to consolidate the mid-sized tanker market in a disciplined manner. I look forward to contributing to General Maritime's future growth as the Company continues to take advantage of positive long-term industry dynamics."