όMINOAN LINES’ INVESTMENT PROGRAM PROGRESSES AS SCHEDULED όDELIVERY OF H/S/F PROMETHEUS AT SAMSUNG HEAVY INDUSTRIES’ SHIPYARD IN SOUTH KOREA όGROWTH OF MINOAN LINES’ FLEET

The delivery of H/S/F PROMETHEUS, one more ultra modern vessel for MINOAN LINES, took place on Wednesday March 14, 2000 at the shipyards of SAMSUNG HEAVY INDUSTRIES Co. Ltd. in Koje, South Korea.Members of the Board of Directors of MINOAN LINES and other company executives of the shipping and technical fields attended the delivery ceremony.The following executives represented the shipyard: Mr. G.H. Lee (Managing Director of Specialized Ship Division), Mr. S.Y. Bae (Senior Executive Director of C/S Team), Mr. Y.R. Joo (Senior Executive Director of Specialized Ship Division) and Mr. D.Y. Lim (Senior General Manager of C/S Team).Also, Ms V. Dikopoulou, the Consul of the Greek Embassy in S. Korea attended the ceremony.All attendees at the delivery ceremony had the opportunity to enjoy the vessel's well-designed interiors the comfort and the wide range of services that will be available to her passengers.H/S/F PROMETHEUS' technical characteristics are: Length 212 meters, width 25 meters, total capacity 26,995 tones, net capacity 8.099 tones, 2 stabilizers, 4 WARTSILLA engines: 12,600 KW (each) and carrying capacity: 1000 passengers, 600 vehicles or 120 trucks and 150 vehicles. The service speed is 31,5 knots.Also the vessel is equipped with: Restaurants, Lounges, Bars, Entertainment lounges, Satellite telephone and fax, Casino, Embarkation / Disembarkation System and cabins specially designed for people with special needs.H/S/F PROMETHES will arrive in Greece at the end of March and on April 6 will be deployed on the PATRAS · CORFU · IGOUMENITSA · VENICE sea route replacing the F/B FEDRA which is currently deployed.MINOAN LINES, with the deployment of this new vessel, gains a competitive advantage on this route, decreasing the traveling time by 5 hours.This vessel is the first of the four sister vessels under construction in the SAMSUNG shipyards in South Korea on behalf of MINOAN LINES and is part of the company's investment plan for the construction of 8 luxurious, high-speed vessels, which is progressing as scheduled.

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