Nel Lines would like to announce that, in compliance with the Extraordinary General Assembly of 8/8/2007, the Board of Directors, on the meeting of 9/11/2007, decided to implement the above mentioned program. The implementation of the shares buy back program will be processed in accordance with the regulation 2273/2003 of the Commission of the European Communities. According to the above decision, the acquisition of own shares will take place as follows:
1.It will begin ten days after the publication of this announcement, and will end by 07/08/2008.
2.The maximum number of shares to be bought shall not exceed the 8.60% of the total shares number, i.e. ten million (10.000.000) shares.
3.The minimum price per share shall be equal to the share's nominal value, which is thirty Euro cents (0,30 Euro) and the maximum price per share shall not exceed the amount of three Euros (3,00 Euros).