“BANK EUROBANK ERGASIAS SA”, Bondholders Representative for the Convertible Bond with initial capital amount euro 19.995.575,10 issued by the company under the name “NIREUS AQUACULTURE SA” and the distinctive title “NIREUS SA” (the “Issuer”) announces  that the General Meeting of the Bondholders held on February the 24th, 2014 at 14:00 hours at the registered office of the Company, 1st km Koropiou-Varis Ave. & Dimokritou Str., Koropi, Attiki, was attended, by person or in proxy,  by 15 bondholders representing 1.396.609 bonds from a total of 1.794.284 bonds, namely with a participation percentage of 77,84 % on the outstanding balance of the aforementioned bond.

The voting results are presented hereunder:

Item 1:  The General Meeting resolved to postpone the payment of the installment due on 28 February 2014, and accrued interest due on 28 February 2014, to 31 March 2014.
Number of bonds for which valid votes were cast: 1.396.609
Participation percentage on the outstanding bond balance: 77.84%
Number of votes

for: 1.350.468, postponement to 31.03.2014

against:  46.141

abstain: 0
Percentage of votes on the bond's outstanding balance for:  75,27%, against: 2,57%, abstain: 0%

Item 2:  Request from Bondholders representing 77,84% of the outstanding balance to postpone a decision on the second item related to “the occurrence of events for default of the Loan, according to a relevant letter by a Bondholder and following a request of the Issuer, possible termination of the Loan and position statement of the Bondholders on the aforementioned” for 24.03.2014.

The President of the Meeting , as obliged by the Law, accepted this request and the decision on the second item of the agenda was postponed for 24.03.2014.

Item 3:  It was not approved the immediate use of any collateral / securitization to secure the rights of the Bondholders of the Loan, as requested by Bondholders.
Number of bonds for which valid votes were cast: 1.396.609
Number of votes

for: 38.591

against:  1.358.018

abstain: 0
Percentage of votes for:  2,76%, against: 97,24%, abstain: 0% (participation percentage of attending bondholders)

Item 4:  It was not approved the different treatment of the minority bondholders as related to their repayment, as per their request (indicatively their early repayment, redemption of their participation in the Loan).

Number of bonds for which valid votes were cast: 1.396.609
Participation percentage on the outstanding bond balance: 77.84%
Number of votes

for:  48.486

against:  1.348.123

abstain: 0
Percentage of votes on the bond's outstanding balance for:  2,71%, against: 75,13%, abstain: 0%

Item 5:  A specific proposal was submitted for the change of the conversion price from €1,35 to € 0,30 from Bondholders representing 2,71% of the outstanding balance of the loan.  The proposal must be approved by the approving bodies of the Bank Bondholders, examined from a legal standpoint, as well as approved by the relevant corporate bodies of the Issuer.  It was decided, unanimously, that the aforementioned proposal, as it was specified in this meeting, will be included in the agenda of a new Bondholders meeting.

Item 6:  Clarifications were provided on the above items numbered 1-5, that covered this item.

Item 7:  There was not any new item for discussion, related to the above, from any participating Bondholder.