Pursuant to Agreement and Plan of Merger, dated as of April 7, 2015, by and among Genco Shipping & Trading Limited, Poseidon Merger Sub Limited and Baltic Trading Limited, as amended:

Exchange of Baltic Trading Limited Common Stock for Genco Shipping & Trading Limited Common Stock

Pursuant to First Amended Prepackaged Plan of Reorganization of the Debtors Pursuant to Chapter 11 of the Bankruptcy Code effective on July 9, 2014: