NIREUS announces the signing of a pre-agreement with Mr. George Vanis and Mr Dionisios Rorris, distinguished executives of the food sector, for the sale of its confectionary unit, which is in the process of being spinned off from the Company and being contributed to its 100% subsidiary MARANT S.A. The final sale and transfer of the shares of MARANT S.A. is subject to be given all necessary approvals by the corporate bodies of the above two companies and the competent authorities and is expected to take place by December 31, 2007. The purchasing price was pre-agreed at 7.600.000 euros. The sale of the confectionary unit was decided given that the NIREUS Group aims at concentrating on its main activities of mediterranean fish farming, in which NIREUS is the world leader. The confectionary unit forms a profitable part of the Group and its sale is to the advantage of the NIREUS Group.