DIOLKOS CLOSED-END FUND S.A. announced today that its Ordinary General Meeting of its Shareholders, during its session on 23 June 2005, approved the purchase of its own shares, in order to support the market price of its shares. More specifically, the OGM resolved that the company would proceed with the purchase of up to 10% of the total number of its shares, i.e. up to 1,313,300 shares, at a highest and lowest purchase value of EUR 4.00 and EUR 0.5, respectively. The said purchase of own shares must be realized within a year from the time the aforementioned OGM was held.