IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE In re: FASTSHIP, INC., et al., Debtors.

1 ) ) ) ) ) ) ) Chapter 11 Case No. 12-10968 (BLS) Jointly Administered

Hearing Date: May 31, 2012 at 11:00 a.m. (ET) Objection Deadline: May 29, 2012 at 10:00 a.m. (ET)

NOTICE OF FILING OF (I) PLAN, (II) DISCLOSURE STATEMENT, (III) MOTION TO APPROVE DISCLOSURE STATEMENT, AND (IV) TIME SET FOR HEARING ON DISCLOSURE STATEMENT TO: ALL PARTIES IN INTEREST PLEASE TAKE NOTICE that on May 4, 2012, FastShip, Inc., et al., (the Debtors), by and through their undersigned counsel, filed the following documents: 1. 2. Joint Liquidating Plan of FastShip, Inc. and its Subsidiaries Pursuant to Chapter 11 of the United States Bankruptcy Code [D.I. 84] (the Plan); Disclosure Statement for the Joint Liquidating Plan of FastShip, Inc. and its Subsidiaries Pursuant to Chapter 11 of the United States Bankruptcy Code [D.I. 85] (the Disclosure Statement); and Debtors Motion for Entry of an Order Approving (I) the Disclosure Statement; (II) Procedures for the Solicitation and Tabulation of Votes to Accept or Reject the Debtors Chapter 11 Plan; and (III) Related Notice and Objection Procedures [D.I. 86] (the Motion).

3.

Copies of the Plan, Disclosure Statement and Motion may be obtained through the PACER system accessible from the United States Bankruptcy Court, District of Delawares

The Debtors, along with the last four digits of each Debtors tax identification number, are as follows: FastShip, Inc. (8309) (Case No. 12-10968-BLS), FastShip Atlantic, Inc. (0980) (Case No. 12-10970-BLS) and Thornycroft, Giles & Co., Inc. (1142) (Case No. 12-10971. The mailing address for the Debtors is 1608 Walnut Street, Suite 501, Philadelphia, PA 19103.

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website, www.deb.uscourts.gov; through the Debtors bankruptcy website managed by Rust Consulting/Omni Bankruptcy, http://omnimgt.com/SBLite/FastShip; or by contacting the undersigned counsel for the Debtors. You are required to file a response, if any, to the Disclosure Statement, on or before May 29, 2012 at 10:00 am. (ET). At the same time, you must serve a copy of the response upon the Debtors attorneys: Raymond H. Lemisch, Esquire Jennifer E. Smith, Esquire BENESCH, FRIEDLANDER, COPLAN & ARONOFF LLP 222 Delaware Avenue, Suite 801 Wilmington, DE 19801 A HEARING ON THIS MATTER WILL BE HELD ON MAY 31, 2012 AT 11:00 A.M. (ET) BEFORE THE HONORABLE BRENDAN L. SHANNON AT THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE, 824 MARKET STREET, 6TH FLOOR, COURTROOM NO. 1, WILMINGTON, DELAWARE 19801. IF YOU FAIL TO RESPOND IN ACCORDANCE WITH THIS NOTICE, THE COURT MAY GRANT THE RELIEF REQUESTED WITHOUT FURTHER NOTICE OR HEARING. Dated: May 4, 2012

BENESCH, FRIEDLANDER, COPLAN & ARONOFF LLP By: /s/ Raymond H. Lemisch Raymond H. Lemisch, Esquire (No. 4204) Jennifer E. Smith, Esquire (No. 5278) 222 Delaware Avenue, Suite 801 Wilmington, DE 19801 (302) 442-7010 (Telephone) (302) 442-7012 (Facsimile) rlemisch@beneschlaw.com jsmith@beneschlaw.com

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- and Kari Coniglio, Esquire (OH 0081463) 200 Public Square, Suite 2300 Cleveland, OH 44114 (216) 363-4500 (216) 363-4588 kconiglio@beneschlaw.com

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