NIREUS announces the increase of its share par value due to a capital raise of Euro10.233.154,75 following a decision of it's A' Repeat Extraordinary General Meeting of shareholders on April 11, 2007. The raise of capital will be accomplished by capitalizing the following reserves: a) Euro 387.775,12 from reserves formed due to the merger by acquisition of EUROCATERERS S.A. and MYLOKOPI AQUACULTURE S.A., according to Law 2166/1993. b) Euro 26.070,06 from special reserves. c) Euro 44.607,48 from extraordinary reserves. d) Euro 154.510,42 from reserves formed under Law1828. e) Euro 2.656.246,68 from reserves formed under Law 1892. f) Euro 6.033,30 from reserves formed to due to the change of currency (i.e. from Greek Drachmas to Euro). g) Euro 6.957.911,69 from above par reserves. The raise of capital will be concluded by the subsequent increase of the share par value from Euro 1,25 to Euro 1,50. After the raise of capital is settled the Company's share capital will be Euro 61.398.928,50 (i.e. 40.932.619 shares, of Euro 1,50 each). The Ministry of Development has approved the modification of the Company's statutory articles (decision No Κ2-6170/9-5-2007). On June 7, 2007 the Athens Exchange has also been officially informed for the said increase of the Company's par value of the share. Subsequently, from 13/6/2007 the company's shares will be traded with a new par value i.e. Euro 1,50 per share. For more information shareholders may contact the Shareholders Service Dept. (tel. +30 210 66 98 335, Mr. G. Aloupis).