ASE ANNOUNCEMENT

The Company Minoan Lines Shipping SA announces that on 01.01.2017 time-charter agreements of both vessels “Cruise Europa” and “Cruise Olympia” were expired which were active on the Adriatic Route (Patra-Igoumenitsa-Ancona-Trieste).

Furthermore, Minoan Lines Shipping SA continues to be active in the Adriatic market having undertaken since 01.01.2017 the General Agency of such vessels in Greece operating on the route “Patra-Igoumenitsa-Ancona-Venice”.