Further to the announcement dated 30/08/2006 relating to the sale of Minoan Lines 33.3% stake in Hellenic Seaways S.A., we would like to inform the investment community that Minoan Lines continues considering the offers relating to the purchase of the aforementioned stake as well as new improved offers that have been submitted. The top management of the company study all the offers, in the scope of its strategy within the sector. Minoan Lines in accordance with the Athens Stock Exchange regulation will notify the investment community for any decisions relating to the subject matter.