Ιn accordance with clause 5 of Presidential Decree 350/1985 we would like to inform you about the following: On December 1st 2005, Mr Panagiotis Laskaridis informed our Board of Directors that he directly and indirectly through the company Access Maritime S.A, holds 3,688,711 common registered voting shares which represent 5.20% of the companys share capital. In particular, during the trading session of the Athens Stock Exchange on November 30th 2005, the company Access Maritime S.A increased its participation from 1.68% to 4.24% in companys share capital while Mr Panagiotis Laskaridis participation remained unchanged at 0.96%.