The company “KIRIACOULIS MEDITERRANEAN CRUISES SHIPPING S.A.” informs the investing public that the company’s management decided under the restructuring of the Group to participate in the increase of the share capital of the Group’s company “K. & G. Mediterranean Marinas Management S.A.”, which currently holds 51,32% share, by contribution in kind and specifically with the contribution of the shares that holds in various companies of marinas management and in particular to: a. GOUVIA MARINA S.A. which holds the percentage of 50,58% or 945.400 shares, b. MARINA KALAMATAS TOURISM S.A. which holds the percentage of 60,00% or 120.000 shares, c. LEFKAS MARINA S.A. which holds the percentage of 26,64% or 1.079.000 shares and d. ZEA MARINA S.A. which holds the percentage of 22,92% or 1.084.648 shares. The company’s management believes that, given the specialization of the “K. & G. Mediterranean Marinas Management S.A.” in marina management, the expansion of its operations and the increase of the company’s percentage in it will be profitable for the company and a bigger range and strategic significance to the Group’s activities will be given. The assessment of the contributed equity participations of the company is carried out in accordance with Article 9, paragraph 4 of Codified Law 2190/1920 by two accountant auditors of audit firm FRS PROTYPOS AUDITING S.A. (Independent member of BKR INTERNATIONAL) and in particular, by Mr. Asterios I. Koufos (SOEL Reg. No. 13621) and Mr. Panos S. Kavellaris (SOEL Reg. No. 27991) and the above contribution will be submitted for approval in Annual General Assembly of Shareholders on 25.06.2012.

Alimos, 29 May 2012