KIRIACOULIS MEDITERRANEAN CRUISES SHIPPING S.A. announces that the sale of 6.670 common material registered shares that were not submitted for dematerialisation as well as shares derived from company transactions and issued in dematerialised form in favour of the beneficiaries of the material register shares was completed on 19/10/2007, according to article 6 of decision 1/380/4.5.2006 as it was modified and it is valid, to article 99A of the Athens Exchange regulation and decision 7.21/443/6.9.2007 of the Board of Directors of the Hellenic Capital Market Commission. The net proceeds of the sale (after deduction of taxes and costs) amounting to 12.029,48 Euro will be deposited in favour of the entitled shareholders to the Deposits and Loans Fund within seven working days. The company will written-inform the entitled shareholders about the proceeds of the sale and the amount that will be deposited on their behalf informing them about the procedure and the necessary documents for collecting the proportional amount. For more information you can contact the Shareholders’ Service department of the company (tel.:210-9886187). After the above mentioned sale, the total of shares of KIRIACOULIS MEDITERRANEAN CRUISES SHIPPING S.A. includes only dematerialised shares.

Athens, 22 October 2007