Restructuring procedures are progressing successfully for SEAFARM IONIAN S.A., whose management has been undertaken by NIREUS S.A. in cooperation with a consortium of Greek Banks, which own the majority of SFI''s shares. The company has already turned into positive EBITDA while the same stands for its Pre-Tax Profits in A'' Half 2006 financial results. The management''s commitment is still focused on making SFI a profitable and healthy entity, aiming to maximize and pass all the future benefits deriving from this commitment, to the NIREUS Group as well as to SFI''s many shareholders. The recent cancellation of SFI''s shares from the Athens Exchange is definitely not going to affect the management''s commitment to the above set target. It is worth mentioning that SEAFARM IONIAN, provided regularly, full company information and documentation requirements as well as quarterly financial statements under I.F.R.S. abiding to the A.S.E. legislation as well as servicing properly its shareholders. SFI continued this practice (although it may have not), even after its submission to article 44 of L.1892/90 last year, and the subsequent takeover (as a strategic investor) of its management by NIREUS S.A. together with the said Greek Bank consortium. Moreover, SFI asked from the market authorities an extension of the time schedule so that its shares remain traded in the ATHEX, a request that finally has not been accepted. Albeit the aforementioned developments, SFI''s management will continue its efforts on restructuring the company and informing regularly its shareholders, taking further steps by examining alternative plans for its share status and future.