NIREUS S.A. announces that its subsidiary SEAFARM IONIAN S.A. (SFI) has decided on 30 August 2007 to start the procedure to merge by acquisition its subsidiary ALFA ZOOTROFES LOKRIDOS S.A. in the shareholding of which it participates with 86,55%. August 31, 2007 has been set as the date of transformation balance sheet for the said merge. The merge which is estimated to be concluded until the end of 2007, will take place under the provisions of articles 69-77 of Law 2190/1920, as those are in order after their last amendment, as well as of articles 1-5 of Law 2166/1993.