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The management of Diana Shipping Inc. will conduct a conference call and simultaneous Internet webcast to review the results at 10:30 A.M. (Eastern Time) on Tuesday, August 2, 2005.

Investors may access the webcast by visiting the Company’s website at  %SitePath%/, and clicking on the webcast link.  The webcast also is accessible at http://www.viavid.net, by clicking on the Diana Shipping link under “Events”.  The conference call also may be accessed by telephone by dialing 1-888-858-4756 (for U.S.-based callers) or 1-973-935-2405 (for international callers).

A replay of the webcast will be available soon after the completion of the call and will be accessible on both %SitePath%/ and http://www.viavid.net.  A telephone replay will be available by dialing 1-877-519-4471 (for U.S.-based callers) or 1-973-341-3080 (for international callers); callers must enter the code number 6272718.