The company Minoan Lines S.A. announces that the legal entity (GRIMALDI COMPAGNIA DI NAVIGAZIONE Spa) associated with Mr Emanuele G. Grimaldi Chairman of the Board of Directors (Liable person according to the article 13 of L. 3340/2005) on October 21, 2011, bought 1,846 ordinary shares of a total value of € 3,226.25, on October 24, 2011, bought 500 ordinary shares of a total value of € 960.00 and on October 25, 2011, bought 500 ordinary shares of a total value of € 1,049.40.

The aforementioned announcement is in accordance with L. 3556/2007 (art.3 and 21) and in combination with the resolution of the H.C.M.C. 1/434/3.7.2007 (Art. 11).