Pursuant to the provisions of article 24 par. 2 (a) of Law 3461/2006, as in force, and following the submission, on October 14th, 2008 of the obligatory tender offer by GRIMALDI COMPAGNIA DI NAVIGAZIONE S.p.A. for the acquisition of the outstanding shares of MINOAN LINES SHIPPING S.A. not held by GRIMALDI COMPAGNIA DI NAVIGAZIONE S.p.A. directly or indirectly and following the announcements already made by GRIMALDI COMPAGNIA DI NAVIGAZIONE S.p.A. on October 15th, 2008 and October 16th, 2008 pursuant to article 24 par. 2 (a) of Law 3461/2006, GRIMALDI COMPAGNIA DI NAVIGAZIONE S.p.A. announces pursuant to article 24 par. 2 (a) of Law 3461/2006 the following:
On October 15th, 2008 (date of acquisition of shares pursuant to the previous official announcement) GRIMALDI COMPAGNIA DI NAVIGAZIONE S.p.A. held 23.786.963 common shares of MINOAN LINES SHIPPING S.A., corresponding to a percentage of 33,54% of MINOAN LINES SHIPPING S.A.'s paid up share capital and voting rights. On October 16th, 2008 GRIMALDI COMPAGNIA DI NAVIGAZIONE S.p.A. acquired through the ATHEX 129.892 common shares in MINOAN LINES SHIPPING S.A. corresponding to a percentage of 0,18% of MINOAN LINES SHIPPING S.A.'s paid up share capital and voting rights.
As a consequence, GRIMALDI COMPAGNIA DI NAVIGAZIONE S.p.A. now holds 23.916.855 common shares of MINOAN LINES SHIPPING S.A. corresponding to a percentage of 33,72% MINOAN LINES SHIPPING S.A.'s paid up share capital and voting rights.
The acquisition price of the above 129.892 shares was 5,1018 Euros per share, that is in total 662.683,01 Euros.