NIREUS S.A. wishes to announce that on 5/10/2007 it has signed a pre-agreement contract of buying 100% of the shares of RED ANCHOR AQUACULTURE - PRODUCTION OF FISHFARMING EQUIPMENT AND PROVISION OF RELATIVE SERVICES S.A., from Mr. Stavros Spyropoulos, Mrs. Aikaterini -husband- of Stavros Spyropoulos, Mr. Frank Spyros and Mr. James Spyros. READ ANCHOR whish is activated in the aquaculture industry, has achieved 3.500.000 euros of revenues for year 2006, and it also owes fish farming facilities of a production capacity of 750 tons per annum as well as a packaging center in the area of Aliveri - Evia island. The amount of the this transaction was pre-agreed at 5.449.772 euros while the final amount will be determined after the said company achieves a satisfactory auditing and due diligence examination, according to the standards set by NIREUS S.A. The acquirement of RED ANCHOR S.A., will enforce the production capacity of NIREUS S.A. and it will contribute in the formation of a fish farming center in Southern Evia, in parallel with the achievement of economies of scale, given that the same area hosts also fish farming units of NIREUS S.A. and its subsidiary company SEAFARM IONIAN S.A.