Minoan Lines S.A. informs the investing public that, pursuant to the provisions of article 53 of Law 3371/2005 and Resolution no.1/380/4.5.2006 of the Board of Directors of the Hellenic Capital Market Commission as amended by the Resolution of the Board of Directors of the Hellenic Capital Market Commission no.3/380/19.6.2006, the tangible registered shares of the Company (materialized securities) which will not have been deposited in our Company until 31/10/2006 at the latest, will be liquidated via the Athens Stock Exchange. The tangible registered shares will be liquidated according to the provisions of article 99A of the Athens Stock Exchange Regulation, as in force, and the net result of the liquidation will be deposited with the Deposits and Loans Fund, as required by article 5 of the above resolution of the Capital Market Commission. Upon completion of the liquidation process of the total shares, the Company will notify by mail the eligible shareholders of the amount deposited with the Deposits and Loans Fund on their behalf, as well as of the process and supporting documents needed for the collection of the aforementioned amount. Shareholders who hold tangible registered shares are kindly requested to contact the shareholders department as soon as possible (tel.: 2810-399840, 2810-399843), in order to deposit their shares in the Company no later than 31/10/2006.