At the extraordinary General Meeting of the shareholders of MINOAN LINES SA on 01 November 2018, it was decided that the company shall be delisted from the Athens Stock Exchange (ATHEX). The relevant decision and the request for deletion have already been submitted to the Hellenic Capital Market Commission in accordance with the applicable provisions.

Furthermore, MINOAN LINES SA announces that the company GRIMALDI GROUP SpA, a major shareholder of MINOAN LINES SA, with a stake today of more than 96.6%, continues to purchase shares through the Athens Stock Exchange, and hereby issues an open bid for the acquisition of MINOAN LINES S.A. shares by existing shareholders interested in transferring their shares under the terms of this notice. The offer will be valid for 30 calendar days and will start on March 7, 2019 and will expire on April 5, 2019. GRIMALDI GROUP SpA offers € 2.40 per share.

The aforementioned procedure has been notified to the Hellenic Capital Market Commission.

Shareholders wishing to transfer their shares may apply to the Brokerage Company with which they are affiliated. The main shareholder, GRIMALDI GROUP SpA, has assigned to the NBG SECURITIES the execution of orders through the Athens Stock Exchange. For further information and clarifications, interested parties may contact the Shareholders' Department of MINOAN LINES SA, at (+30) 2810399840, or at 17, 25th August, Heraklion, Crete 71202.

Following the completion of the delisting procedure of MINOAN LINES SA from the ATHEX, the minority shareholders who wish to transfer their shares to the main shareholder will be able to contact the company's offices or a bank branch designated by a latter announcement. This option is provided for the benefit of any interested shareholders and does not restrict or abolish any legal rights of the minority shareholders that exist today or in the future following the deletion of MINOAN LINES SA from the ATHEX.

Heraklion, 06 March 2019

MINOAN LINES S.A.