The Annual General Meeting of the shareholders of Minoan Lines S.A. which was held in Heraklion, Greece on Friday 19th of June 2009, acquired or represented by shareholders of 63,553,151 shares percentage 89.605% of the total share capital (70,926,000) and passed the following resolutions:
1. Approved the Company's Annual Financial Report of the financial year starting on 1st January 2008 and ending on 31st December 2008 (percentage 99.976%).
2. Approved the resolution of BoD for no dividend distribution to the shareholders from the profits of the financial year starting on 1st January 2008 and ending on 31st December 2008 (percentage 99.960%).
3. Approved the discharge of the members of the Board of Directors and the Auditors from all personal responsibility, in connection with the Annual Financial Report and management for the year 2008 (percentage 99.979%).
4. Approved the fees and remuneration paid to the members of the Board of Directors in the Fiscal year 2008 (percentage 99.976%).
5. Elected a new 8-member Board of Directors for a four-year term. The elected members are Messrs: Emanuele G. Grimaldi, Gianluca G. Grimaldi, Diego L. Pacella, Paul K. Kyprianou, Antonis Ν. Maniadakis, Konstantinos Μ. Mamalakis, George Ε. Papageorgiou and Michael E. Chatzakis.
6. Approved the Constitution of the Audit Committee in accordance with the article 37 of law 3693/2008. The elected members of the Audit Committee are: Messrs Diego L. Pacella, Paul K. Kyprianou and George Ε. Papageorgiou
7. Elected the company KPMG as auditors for the fiscal year 2009 (percentage 99.969%).