ΜΙΝΩΙΚΕΣ ΓΡΑΜΜΕΣ Α.Ν.Ε.

Announcement

The company MINOAN LINES S.A. announces the following information: On May 10, 2010, a notification regarding change in voting rights was made known to our company, according to which the company GRIMALDI COMPAGNIA DI NAVIGAZIONE S.pA. acquired, after the signing of a relevant financial instument, the right to purchase 2.907.966 shares with voting rights for the time period 07.05.2010 - 06.05.2010.
Following the aforementioned financial agreement and in compliance with L.3556/2007 (article 9, paragraph 6), the percentage of voting rights of the company GRIMALDI COMPAGNIA DI NAVIGAZIONE S.p.A.in the share capital of MINOAN LINES S.A. is changed from 86,023% to 90,123%. It should be noted that the participation percentage of the shareholder (90,123%) is analysed as follows: a) 61.012.811 (86,23%) shares with voting rights, and, b) 2.907.966 shares (4,1%) with voting rights due to the acquisition of the call option of the abovementioned financial instrument.
The above financial agreement was held on May 7, 2010.