Following the announcement dated 15/7/2025, the Company under name “KIRIACOULIS MEDITERRANEAN CRUISES SHIPPING S.A.” (hereinafter referred to as the Company), informs the investing public that it has proceeded through the newly established Y/SAPPHIRE INC, which it indirectly controls 100%, to draw up a contract for the naked charter of a dry cargo vessel, with a capacity of 37 thousand tons deadweight, built in 2012 at Hyundai’s shipyards.

The duration of the charter was set at three years with the obligation of the Company to acquire the ship at the end of the period.

The total amount of the transaction amounts to 13.956 million dollars which will be paid as follows: 2.510 million dollars immediate, 7.614 million at the end of the three-year period and the rest in 36 equal installments. The company reserves the right to early payment at the end of the two-year period, without changing the total amount of the transaction.

The Company will inform the investing public of any developments on the matter.