“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 March 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 1.395.332 bonds from a total of 1.794.284 bonds, namely with a participation percentage of 77.77 % 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 31 March 2014, and accrued interest due on 31 March 2014, to 30 June 2014.

Number of bonds for which valid votes were cast: 1.395.332
Participation percentage on the outstanding bond balance: 77.77%
Number of votes
for: 1.348.123, postponement to 30.06.2014
against:  47.209
abstain: 0
Percentage of votes on the bond's outstanding balance for:  75.14%, against: 2.63%, abstain: 0%

Item 2:  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.
It was resolved the Loan was not defaulted and a waiver was provided until 30.06.2014

Number of bonds for which valid votes were cast: 1.395.332
Participation percentage on the outstanding bond balance: 77.77%
Number of votes
for: 1.351.191
against:  44.141
abstain: 0
Percentage of votes on the bond's outstanding balance for:  75.31%, against: 2.46%, abstain: 0%