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

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

NOTICE OF (I) REQUIREMENT FOR FILING PROOFS OF PREPETITION CLAIMS, (II) DEADLINE FOR FILING PROOFS OF PREPETITION CLAIMS AND (III) PROCEDURES IN CONNECTION THEREWITH TO: ALL CREDITORS, PARTIES IN INTEREST, AND ANY OTHER PERSONS OR ENTITIES ASSERTING OR ADVANCING A CLAIM IN THESE JOINTLY ADMINISTERED CASES.

On March 20, 2012 (the Petition Date), FastShip, Inc. (FSI), FastShip Atlantic, Inc. (FSA) and Thornycroft, Giles & Co., Inc. (TGC, together with FSI and FSA, the Debtors and each individually, a Debtor), each filed voluntary petitions for relief under chapter 11 of the Bankruptcy Code. The Debtors chapter 11 cases have been consolidated for administrative purposes only. YOUR RIGHTS MAY BE AFFECTED. PLEASE CONSULT COUNSEL TO FULLY PROTECT YOUR RIGHTS. CLAIMS BAR DATE On April 23, 2012, the United States Bankruptcy Court for the District of Delaware (the Court) entered an order (the Bar Date Order) setting 5:00 p.m. (E.D.T.) on June 1, 2012 (the General Bar Date), as the deadline for all persons and entities, including all individuals, former and present employees, partnerships, corporations, estates, and trusts, except for governmental units, to file proofs of claim (Proofs of Claim, and each individually a Proof of Claim) based on Claims (as defined in 11 U.S.C. 101(5)) against the Debtors arising prior to the Petition Date (Prepetition Claim). The Bar Date Order also set the Bar Date for proofs of claim of governmental units as 5:00 p.m. (E.D.T.) on September 17, 2012 (the Governmental Bar Date). The Governmental Bar Date shall apply only to governmental units. The General Bar Date applies to all holders of claims that are not governmental units. The General Bar Date and Governmental Bar Date, and the procedures set forth below for filing a Proof of Claim apply to all Claims against the Debtors that arose prior to the Petition Date.
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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 (BLS)). The mailing address for the Debtors is 1608 Walnut Street, Suite 501, Philadelphia, PA 19103.

PREPETITION CLAIMS A. WHO MUST FILE A PROOF OF CLAIM You must file a Proof of Claim if you hold a Prepetition Claim, unless your Prepetition Claim is of a type described in Section B or C, below. Any person or entity holding a Prepetition Claim or potential Claim against the Debtors, no matter how remote or contingent, must file a Proof of Claim on or before the General Bar Date or Governmental Bar Date, as applicable, except as set forth below. Please note, acts or omissions of the Debtors that arose prior to the Petition Date may give rise to Claims against the Debtors that must be filed on or before the General Bar Date or Governmental Bar Date, as applicable, notwithstanding that such Claims may not have matured or become fixed or liquidated or certain prior to the Petition Date. B. WHO MAY FILE A PROOF OF CLAIM You may file a Proof of Claim, but are not required to do so, if: (i) your Prepetition Claim is listed on the schedules of liabilities filed by the Debtors on the Petition Date, or any amendment thereto (the Schedules), (ii) your Prepetition Claim is not listed in the Schedules as disputed, contingent, unliquidated or undetermined, (iii) you agree that your Prepetition Claim has been accurately listed in the Schedules as to its classification and amount, and (iv) you agree that your claim is only against the particular Debtor specified in the Schedules. C. WHO SHOULD NOT FILE A PROOF OF CLAIM You should not file a Proof of Claim if: (i) the Court has already entered an order allowing your Prepetition Claim, (ii) you have a properly filed Proof of Claim on file with the Court, or (iii) you do not have a Prepetition Claim against the Debtors. THE FACT THAT YOU HAVE RECEIVED THIS NOTICE DOES NOT MEAN THAT YOU HAVE A PREPETITION CLAIM OR THAT THE DEBTORS OR THE COURT BELIEVE THAT YOU HAVE A PREPETITION CLAIM. D. EXECUTORY CONTRACTS AND UNEXPIRED LEASES All persons and entities holding Claims arising from, or as a consequence of, the rejection by the Debtors of an executory contract or unexpired lease must be filed on or before the later of (a) thirty (30) days following service on such party of entry of the order approving such rejection and (b) the General Bar Date or Governmental Bar Date, as applicable.

E. WHEN AND WHERE TO FILE PROOFS OF CLAIM Proofs of Claim must be filed so as to be received on or before the General Bar Date of June 1, 2012, or the Governmental Bar Date of September 17, 2012, as applicable, by Omni Management Group (Omni), the Debtors Claims Agent, at the following address: FastShip, Inc. et al. Claims Processing c/o Omni Management Group 5955 DeSoto Avenue, Suite 100 Woodland Hills, California 91367 Proofs of Claim may be filed by mail, overnight courier or hand delivery, and will be deemed filed only when actually received by Omni. Do not file or send copies of the Proof of Claim to the Debtors or counsel for the Debtors. Copies sent by email or fax will not be accepted. If you wish to receive a file-stamped copy of your Proof of Claim, you must provide an additional copy of the Proof of Claim to Omni along with a self-addressed, postage paid return envelope. F. WHAT TO FILE FOR A CLAIM If you file a proof of your Prepetition Claim, you should use the Proof of Claim form attached as Exhibit A (Official Form B10). All Proofs of Claim must: (i) be written in English; (ii) be denominated in lawful currency of the United States; (iii) conform substantially to the form provided with this Notice; (iv) state the specific Debtor against which it is filed; (v) set forth the basis for the alleged Claim; (vi) include supporting documentation or an explanation as to why such documentation is not available; and (vii) be signed by the claimant or, if the claimant is not an individual, by an authorized agent of the claimant. IF YOU ARE ASSERTING A CLAIM AGAINST MORE THAN ONE DEBTOR, SEPARATE PROOFS OF CLAIM MUST BE FILED AGAINST EACH DEBTOR AND YOU MUST IDENTIFY ON YOUR PROOFS OF CLAIM THE SPECIFIC DEBTOR AGAINST WHICH YOUR CLAIM IS ASSERTED AND THE NUMBER OF THAT DEBTORS BANKRUPTCY CASE. FAILURE TO FILE PROOF OF CLAIM Except with respect to Prepetition Claims of the type set forth in Sections B and C above and as explained below, any person holding a Prepetition Claim who is required to but fails to file a Proof of Claim on or before the General Bar Date or Governmental Bar Date, as applicable, for any Prepetition Claim against the Debtors, may be forever barred, estopped and enjoined from: i) asserting such Prepetition Claim; ii) subsequently filing a Proof of Claim or other evidence with respect to such Prepetition Claim against the Debtors and their property; iii) voting on any plan of reorganization; iv) participating in any distribution or receive payment in these chapter 11 cases on account of such Prepetition Claims; and v) receiving further notices regarding such Prepetition Claims; provided, however, that a holder of a Claim who does not file a Proof of Claim shall be able to vote upon, and receive distributions under, any plan of reorganization or liquidation in this case to the extent, and in such amount, as any undisputed,

noncontingent and liquidated claims identified in the Schedules on behalf of such holder of a Claim, unless otherwise ordered by this Court. ACCESS TO SCHEDULES Copies of the Schedules, as well as the Order Establishing the Bar Date, may be examined and inspected by interested parties during regular business hours at the office of the Clerk of the Bankruptcy Court, United States Bankruptcy Court, District of Delaware, 824 North Market Street, 3rd Floor, Wilmington, Delaware 19801, or by accessing the Debtors bankruptcy website at http://omnimgt.com/SBLite/FastShip, or contacting the Debtors claims agent by telephone at 818-906-8300 or by submitting an inquiry via the claims agents website. Creditors who wish to rely on the Schedules (or on the accompanying exhibits) shall have the responsibility for determining that their Prepetition Claims are accurately listed therein. Additional copies of the Proof of Claim forms may also be obtained from the website at http://omnimgt.com/SBLite/FastShip or by contacting the Debtors claims agent at the number above. ANY OTHER INQUIRIES, SUCH AS WHETHER YOU SHOULD FILE A PROOF OF CLAIM OR TAKE ANY OTHER ACTION WITH RESPECT TO YOUR PREPETITION CLAIM SHOULD BE DIRECTED TO YOUR OWN ATTORNEY. DO NOT CONTACT THE BANKRUPTCY COURT OR THE UNDERSIGNED COUNSEL FOR THE DEBTORS. 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 -andKari Coniglio, Esquire (OH 0081463) 200 Public Square, Suite 2300 Cleveland, OH 44114 (216) 363-4500 (Telephone) (216) 363-4588 (Facsimile) kconiglio@beneschlaw.com Proposed Counsel for FastShip, Inc., FastShip Atlantic, Inc. and Thornycroft, Giles & Co., Inc., Debtors and Debtors in Possession

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