According to the decision no. 7.24/443/6.9.2007 of the Hellenic Capital Markets Commission, Minoan Lines announces that on September 20, 2007 the auction of 54,095 non dematerialized shares (for the account of the beneficial owners of the securities) took place. The total net proceeds of the subject sale stood at Euro 278,460.00 and will be deposited to the Deposits and Loans Fund in favour of the beneficial owners within 7 working days from the auction day. The Company will forward to the beneficial owners of the proceeds instructions for the necessary documentation of proof as well as instructions for the collection of the amount that they are entitled to. For any additional information or clarification please contact Ms Kalia Sofiou (Office hours - tel. 0030-2810399840).