Top Ships Inc (TOPS)

[Kabuli]

The Company announced today it has issued and sold 11,797,500 common shares par value $0.01 per share pursuant to its previously announced purchase agreement by and among the Company and Crede CG III, Ltd. dated November 7, 2017 (the "Purchase Agreement"). Mainly as a result of these issuances the Company currently has issued and outstanding 28,900,562 shares. As of the date hereof, up to $17.6 million worth of shares is remaining that the Company may sell pursuant to the Purchase Agreement.