Comment on Recent Press Article

In reference to various press releases relating to the sale of Minoan Lines 33.3% stake in Hellenic Seaways S.A., we would like to inform the investment community with the following:
Several offers relating to the purchase of above mentioned stake has been submitted. The top management of the company, in the scope of its strategy within the sector, are currently study these offers.
Minoan Lines in accordance with the Athens Stock Exchange regulation will notify the investment community for any decisions relating to the subject matter.


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