The company NIREFS CHIOS AQUACULTURES S.A. announced today that its 1st Recurring Extraordinary Shareholders General Meeting of July 30, 2005, approved unanimously the following items of the Daily Agenda:

1a) The actions, statements or announcements the BoD of the company or their authorized representatives made up to now, within the context of the procedure and for the purpose of the merger of the company NIREFS CHIOS AQUACULTURES S.A. by the absorption of the company FEEDUS S.A.;
1b) The relevant merger agreement draft of 5/5/2005 of the aforesaid merger, as it has been drawn up by the BoD of the companies and the restructuring balance sheet of 31.12.2004.

2. The share capital increase of the company and the relevant modification of Article 5 of its Articles of Association (re: addition of a paragraph as to the share capital increase of the company by:
a) the amount of the contributed share capital, amounting euro 7,841,631 of the absorbed company "FEEDUS S.A." through a simultaneous decrease by euro 4,432,778.1, due to the cancellation of shares that the absorbing company holds, viz. by euro 3,408,852.9
b) by the amount of euro 62,602.58 through the capitalization of reserves from the Share Premium Account and with the simultaneous decrease of the par value of the share from ?1.62 to euro 1.25 per share, i.e. by euro 0.37 per share. Thus, the share capital of the company amounts to euro 50,460,642.50 and it is dividend into 40,368,514 common registered voting shares, of a par value of euro 1.25 each).

3. The authorization to: a) Mr.Aristidis Beles to sign on behalf of the company the notary deed pertaining to the merger of the company by the absorption of the company FEEDUS S.A. and take any other action required for the consummation of the said merger and b) to the BoD of the company to settle -at its own discretion-any fractional rights that might derive from the share capital increase of the absorbing company and during the shares' exchange of the merging companies.

4. The authorization to the BoD of the company to settle all the issues related to the granting of licences and approvals by the HCMC and the ATHEX, the drawing up and issue of the Prospectus of the company with respect to the aforesaid merger, the listing and trading of the shares of the absorbing company after the completion of the merger process and of any other relevant issue.

5. The modifcation of Article 1 (re: change in the trade name of the company from "NIREFS CHIOS AQUACULTURES S.A. to "NIREFS AQUACULTURES S.A." with the distinctive title "NIREFS S.A.").

6. The modifcation of Article 3 (re: addition and expansion of the purpose of the company due to the merger of the company by absorption of 'FEEDUS S.A.").