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

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."),

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.") and

Article 5 (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 euro 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) of the Articles of Association of the company.

It is noted that the aforementioned modifications are subject to the approval of the Hellenic Ministry of Development, the HCMC and the ATHEX, respectively.