The consolidated profit after taxes and minority interest of the 2009 nine-month period is equal to 579,184 euro, decreased by 54,2% compared to that of the same period of 2008. The first and the second three-month period of 2009 were determinants for this course, during which the parent company and the Group realized decreased results compared to the corresponding three-month periods of 2008, in contrast with the third three-month period of 2009 during which an increase of the parent company’s profit after taxes by 43,1% has been succeeded and an increase of the Group’s profit after taxes and minority interest by 37,4% has been also succeeded compared to the third three-month period of 2008. It is worthy of note that in the nine-month period of 2009, a decrease of the operating expenses both in the parent company by 16,0% and in the Group by 18,9% has been realized compared to the corresponding figures of the nine-month period of 2008. At the same period, the financial expenses presented a decrease both in the parent company by 19,9% and in the Group by 16,2% compared to the corresponding figures of the nine-month period of 2008.

On the occasion of the financial statements publication for the period 01/01-30/9/2009 the president of the Board of Director of the parent company Mr. Theofanis Kiriacoulis stated that “The administration of the parent company constantly keeps in touch and evaluates very carefully the global financial course, by taking – in close cooperation with the Administrations of the companies which compose the Group – measures which focus on the creation of adequate liquidity and on the best possible capital structure. Following this strategy, the influence of no propitious circumstances on the financial figures of the Group is minimized. We assess that the financial results of the third three-month period of 2009 signal a reversal of the negative economic conditions. The prospects of the Group for the year 2010 are judged positive. More precisely, in the business sector of the yachts management an increase in demand is expected since the client majority comes from countries of the Eurozone where the first signs of economy resurgence are apparent.

As for the real estate sector, it is expected that the demand will be maintained almost in the same levels of 2009, due to the low estimated rate of granted residence loans and the large stock of residences offered for sale.

Finally, the increase of Kiriacoulis Group’s profit before taxes, which springs from the marinas management sector by 39,7%, and has been realized within the nine-month period of 2009 during which no propitious circumstances prevailed both in macroeconomic and microeconomic level, give us the expectation of further results improvement within the year of 2010.”

Athens, 9 December 2009

Athens, 27 November 2009

Athens, 28 August 2009

 The Ordinary General Assembly of the Shareholders held on 30 June 2009 has decided upon all issues of the agenda by quorum of 72.68% (i.e. 11,040,800 shares out of a total of 15.190.320) and by 100% majority (i.e. 11,040,800 shares out of an equal number of attending shares). Decisions are as follows:

1+2) The Annual Financial Report for the period 01.01.2008 to 31.12.2008 dated 24.3.2009 as well as the relative report by the Auditor dated 27.3.2009 were approved.

3) The members of the Board of Directors and the Auditor were released from any liability for compensation arising from the Annual Financial Report and the administration and management in general of the period 01.01 – 31.12.2008.

4) The auditing firm “SOL S.A.” (Reg. N. SOEL 125) was elected as Auditors for the period 01.01 – 31.12.2009. Regular Auditor is Mr. Meletios Siastathis (Reg. N. SOEL 12181) and substitute Mr. Charalambos Stathakis (Reg. N. SOEL 12251).

5) The distribution of profits of the period 2008 and the non – distribution of dividend to the shareholders were approved.

6) The remuneration and expenses paid to members of the Board of Directors and to Auditors were approved and their relevant future remuneration and expenses were fixed.

7) The General Assembly was informed of the election as an independent non-executive member of the Board of Mr. Angelos Kopitsas in the place of Mr. Christos Agiakloglou who resigned (Board decision 340/08.09.2008). Above decision of the Board has been registered with the Ministry of Development and notified to the other supervising authorities (Securities & Exchange Commission, Athens Stock Exchange). A relevant announcement was published in the Government Gazette/Issue of Limited Liability Companies & S.A./ No 10865 /23.09.2008.

8) New members of the Board of Directors were elected as per Law 3016/2002 as currently in force. The Board was formed as a body as per minutes no. 353/30.6.2009 as follows:

1. Theofanis Kiriacoulis son of Stavros, entrepreneur, residing at 7 Alimou ave., Alimos – Attica, identity card no Σ 554058, executive director, Chairman of the Board & Managing Director.

2. Spyridon Kiriacoulis son of Stavros, entrepreneur, residing at 7 Alimou ave., Alimos – Attica, identity card no Ξ 072425, executive director, Vice-Chairman of the Board.

3. Alexandros Foukas son of Konstantinos, a company executive, residing at 7 Alimou ave., Alimos – Attica, identity card no Π 577733, executive director.

4. Areti Kiriacoulis wife of Stavros, residing at 7 Alimou ave., Alimos – Attica, identity card no AB 659448, non-executive director.

5. Angelos Kopitsas son of Athanasios, Vice Admiral of Hellenic Navy retired, residing at 21a Tatoiou, Kifissia – Attica, identity card no Σ 281993, independent non-executive director and

6. Nikitas Sotiropoulos son of Konstantinos, a business consultant, residing at 7 Kynigon, Kifissia – Attica, identity card no Σ147774, independent non-executive director.

The term of office of above BoD is 5 years as per the Company’s articles of association, i.e. until the Ordinary General Meeting in the first semester of the year 2014.

9) The Audit Committee of the company was elected in accordance with the provisions of L. 3016/2002 (article 7 §2) and L. 3693/2008 (article 31 §1). Members of the Committee are Mrs. Areti Kiriacoulis, non-executive director and Messrs. Angelos Kopitsas and Nikitas Sotiropoulos, both independent non-executive directors.

10) As provided for in article 23a §1b/(dd) of L. 2190/20, the granting of guarantees by the Company was approved as follows: a) in favour of the subsidiary company “Sarl Kiriacoulis France”, seated in France, for a period of 5 ½ years and the amount of € 1,054,472 referring to six leasing agreements for yachts with “SGB Finance SA”, seated in France and b) in favour of the subsidiary company “Kiriacoulis Italy Srl”, seated in Italy, for a period of 5 years and a total amount of € 5,000,000 referring to leasing agreements or/and loan with the purpose of acquisition of yachts with “AGRILEASING SpA”, seated in Italy. Above guarantees are granted in accordance with the special terms provided in the relevant report of the Board to the General Assembly.

Alimos, 30 June 2009

Athens, 19 June 2009

Following the Board of Directors decision of 02.6.2009 and in accordance with the company’s Articles of Association, the shareholders of “KIRIACOULIS MEDITER-RANEAN CRUISES SHIPPING S.A.” are invited to the Ordinary General Assembly, on Tuesday, 30 June 2009, at 16.30 p.m. at the Company offices, in Alimos – Attica, at 7, Alimou Ave., for discussing and taking decisions on the following issues:

Agenda of the meeting

1. Submission and hearing of the reports of the Board of Directors and of the Αuditor concerning the Annual Financial Report of the period 01.01.2008 to 31.12. 2008 for the company and the Group.

2. Submission and approval of the Annual Financial Report of the period 01.01.2008 to 31.12.2008 for the company and the Group as well as of the Αuditor’s report.

3. Release of the members of the Board of Directors and of the Αuditor from any liability for compensation in connection with the Annual Financial Report and the administration and management in general of the period 01.01. – 31.12.2008.

4. Election of auditors (regular/alternate) for the period 01.01.2009 to 31.12.2009 and fixing of their fee.

5. Approval of the distribution of the profits.

6. Approval of the remuneration and expenses paid to the members of the Board of Directors and fixing of the relevant future remuneration and expenses.

7. Ratification of the election of a Board member.

8. Election of new members to the Board of Directors.

9. Election of an Audit Committee for the company in accordance with the provisions of L. 3016/2002 (article 7 §2) and L. 3693/2008 (article 37 §1).

10. Permission of the General Assembly for the company to grant guarantees in favour of the Group companies «Sarl Kiriacoulis France» and «Kiriacoulis Italy Srl».

Shareholders are entitled to participate in the General Assembly either in person or with a proxy. A relevant draft of proxy is available in the Company website www.kiriacoulis.com and at the Company offices (7, Alimou Ave., Alimos – Attica, tel. 210 9886187 & fax 210 9885392). Each share gives the right of one vote. Shareholders wishing to participate in the General Assembly either in person or with a proxy must, through their administrator in the System of Dematerialized Certificates (Greek “SAT”), block all or part of their shares and receive by said administrator a relevant certificate which they must lodge (together with any documentation of representation) with the Company’s Treasurer, or the Consignations & Loan Fund, or any recognised Bank in Greece or abroad and deposit the respective certificates at the Company offices at least five (5) days before the day of the General Assembly. In case no administrator has been appointed and the shares are kept in the special account, the relevant certificate is produced by the “Hellenic Exchanges Holding S.A.”, at 110 Athinon Avenue, in Athens.

Alimos, 02 June 2009
THE BOARD OF DIRECTORS

Athens, 29 May 2009

Athens, 4 May 2009

Athens, 30 March 2009