The company KIRIACOULIS MEDITERRANEAN CRUISES SHIPPING S.A. announces that the process for the floatation of a 5-year common bond loan amounting to € 5,000,000 is completed, “EMPORIKI BANK OF GREECE S.A” and “EMPORIKI BANK CYPRUS LTD” will be the bonded creditors, pursuant to the provisions of Law 3156/2003, the decision of the Ordinary General Meeting of the shareholders on 30/6/2008 and the decision of the Board of Directors on 14/7/2008. The purpose of said common bond loan is to raise new funds for the Company to use for settling an equal debt towards “EMPORIKI BANK OF GREECE S.A” for current working capital. Said capital has been used by the Company for buying new yachts in the context of the constant renewal of its fleet and for paying off older loans that had been taken for the same purpose.

Athens, 21 August 2008