In compliance with the new Regulation of the Athens Exchange and in particular with Part 4, article 277, paragraph 2.c. regarding the corporate actions target programme, KIRIACOULIS MEDITERRANEAN CRUISES SHIPPING S.A. announces that is planning to convene the Annual General Meeting of its shareholders within the last 10 days of June 2005. Beneficiaries of the dividend will be all shareholders on the day the Annual General Meeting is held (at the end of the trading session of Athens Exchange). The payment of the 2004 dividend will commence within the first 5 days of August 2005.

Athens, February 21st, 2005