NIREUS SA notifies, pursuant to Law 3556/2007 and after a notification received on 15.02.2012, that:

On 13.02.2012, Linnaeus Capital Partners BV transferred to Tefthys Ocean BV its total participating percentage held in shares and voting rights of NIREUS SA.  Therefore, its total participating shareholding percentage remained unchanged, while its direct percentage was nullified.

Consequently, Tefthys Ocean BV exceeded the reporting threshold of 20% and holds directly a total of 23,68% of the total shares and voting rights (15.070.847 shares) of NIREUS SA.

Tefthys Ocean BV is wholly owned by Linnaeus Capital Partners BV (100%), which is wholly owned by I.I.H.C. Industrial Investments Ltd (100%), which is controlled by Mr. Kakha Bendukidze (74,3%).   Based on the above, Mr. Kakha Bendukidze, I.I.H.C. Industrial Investments Ltd and Linnaeus Capital Partners BV hold indirectly a total of 23,68% of total shares and voting rights (15.070.847 shares).