The company DIAS AQUACULTURE S.A (the “Company”) announces that pursuant to the notifications it received the Dutch company Tethys Ocean B.V. On 13/03/2012, by virtue of block transfers, acquired in aggregate 1,705,751 shares corresponding to 1,705,751 voting rights representing 5.6558% of the Company's share capital for the purchase price of € 1,535,175.90 in aggregate and €0.90 per share. This acquisition makes Tethys Ocean B.V, a shareholder holding a total of 16,872,833 shares corresponding to 16,872,833 voting rights representing 55.9452% of the Company's share capital.

More particularly: (i) Tethys Ocean B.V., acquired from seller Mr. Stelios Pitakas, Chairman of the Board of Directors, 805,751 shares corresponding to 805,751 voting rights representing 2.6716% of the Company's share capital for the purchase price of €725,176 in aggregate and €0.90 per share; and (ii) Tethys Ocean B.V., acquired from seller Mr George Pitakas, director of the company, 900,000 shares corresponding to 900,000 voting rights representing 2.9841% of the Company's share capital for the purchase price of €810,000 in aggregate and €0.90 per share.

Mr. Stelios Pitakas is Chairman of the Board of Directors of the Company, non-executive member.

Mr George Pitakas is director of the Company.

Mrs. Anita Hamilton is Director of the company Tethys Ocean B.V. and she is also a non-executive member of the Company's Board of Directors.

Mrs. Olga Novikova is Director of the company Tethys Ocean B.V. and she is also a non-executive member of the Company's Board of Directors.

This announcement takes place by virtue of the provisions of Article 13 of Law 3340/2005, of the decision no. 3/347/2005 of the Capital Market Commission, under Articles 3 and 21 of Law 3556/2007and under the decision no. 1/434/3.7.2007 of the Capital Market Commission and in accordance with the relevant notifications received on 14/03/2012.