ΜΙΝΩΙΚΕΣ ΓΡΑΜΜΕΣ Α.Ν.Ε.
Resolutions of the Extraordinary General Meeting
The Extraordinary General Meeting of the shareholders of Minoan Lines S.A. which was held in Heraklion, Greece on Wednesday 16th of December 2009, acquired or represented by shareholders of 60,785,124 shares percentage 85.70% of the total share capital (70,926,000), passed the following resolution:
Approved the Special Permission according to the article 23a of codified law 2190/1920, for the participation of the Company to a share capital increase of its subsidiary ?Minoan Italia S.p.A.? for the purchase by the certain subsidiary of the vessel Zeus Palace, owned by an entity of par. 5 of article 23a of c.l. 2190/1920, at the price of 60.000.000 euros, amount which will be payable partially in 2009 and 2010 with the Owners? equity (Percentage 99.92%) .
Approved the Special Permission according to the article 23a of codified law 2190/1920, for the participation of the Company to a share capital increase of its subsidiary ?Minoan Italia S.p.A.? for the purchase by the certain subsidiary of the vessel Zeus Palace, owned by an entity of par. 5 of article 23a of c.l. 2190/1920, at the price of 60.000.000 euros, amount which will be payable partially in 2009 and 2010 with the Owners? equity (Percentage 99.92%) .