ΝΗΡΕΥΣ Α.Ε.

Submission of the Draft Merger Agreement through Absorption of 100% Subsidiaries.

Following the announcement of 1.12.2008, Nireus SA announces that it submitted the Draft Merger Agreement by Absorption of its 100% subsidiaries Alpino, A-Sea and Red Anchor. Under the current provisions of Articles 69 et seq of CL 2190/1920, the Draft Merger Agreement was filed to the regional Register of Societes Anonymes with announcement No. Κ2-15602/16.01.2009 for the absorbing. Subsequently, it was published, for the absorbing, on the issue of 485/20.01.2009 of the Official Gazette. A summary of the Draft Merger Agreement will be published on 23.01.2009 in the newspaper KERDOS.