It is hereby announced that today, 27 March 2007 was held the Extraordinary General Meeting of the shareholders of our company “KIRIACOULIS MEDITERRANEAN CRUISES SHIPPING S.A.”.

Present at the meeting were in total 8 shareholders representing 73.30% of the share capital, that is 11,135,080 shares and votes out of a total 15,190,320. The General Meeting approved by 100% of the present shares and votes the issuance of a seven year (7) common bond of one million euros (1,000,000 € ), pursuant to the provisions of Law 3156/2003, through EFG EUROBANK ERGASIAS S.A. The interest rate and the issuance terms will be mentioned in the relative Bond Contract.

The purpose of the bond is to finance the acquisition of new yachts in the context of the continuous renewal/modernization of the company’s fleet thus maintaining its competitiveness.

Athens, 27 March 2007