We would like to inform the investment community with the following:
On Οctober 31st 2008, the company "GRIMALDI COMPAGNIA DI NAVIGAZIONE Spa" informed our Board of Directors that on October 27th 2008 acquired from a subsidiary company "ATLANTICA Spa Di NAVIGAZIONE" 19,500,000 shares of Minoan Lines. After the abovementioned transaction the direct participation of "GRIMALDI COMPAGNIA DI NAVIGAZIONE Spa" shaped at 30.49% (21,621,880 shares with voting rights) and indirectly through the company "ATLANTICA Spa Di NAVIGAZIONE" controls 5.40% (3,832,564 shares with voting rights).
The total percentage of "GRIMALDI COMPAGNIA DI NAVIGAZIONE Spa" is shaped at 35.89% (25,454,444 shares with voting rights).