In accordance with law 3340/2005 and the decisions 3/347/2005 and 5/204/200 of the H.C.M.C. Board of Directors and further to the announcement on May 11, 2009, Minoan Lines announces that has entered into an agreement with the company ANEK Lines S.A. for the sale of its whole participation in the company Hellenic Seaways S.A. (33.35% on its share capital) at a total price of 125 million Euro. The said amount will be paid in installments until the 4th quarter of the year 2012 when the agreement will be completed.
The Board of Directors authorized some of its members for the completion and signature of the agreement which is expected to be concluded within the next few days and it will be, among others, subject to the approval by the Hellenic Competition Commission.
The company, following to the signature of the final agreement and in accordance with the Athens Stock Exchange regulation, will promptly inform the investment public.