MARITIME COMPANY OF LESVOS S.A.

Announcement

The Board of Directors of the company under the name NEL LINES notifies the shareholders that the Increase of Share Capital with payment of cash and with preemptive right in favor of the old shareholders, which was decided by the Board of Directors on the 20/12/2007 meeting based on the authorization of the 2nd NEL shareholder Repetitive General Assembly held on 30/10/2006 and was realised between 27/03/2008 and 11/04/2008 (inclusive), was covered by 25,03% with the payment of the total amount of 8.281.612,50 Euro, corresponding to 11.830.875 new common shares, whereas 35.434.060 shares remained indisposed. By decision dated 15/04/2008 of the company's Board of Directors the 11.999.261 initially indisposed shares were made available based on the subscriptions to its shareholders, and, thus, the final coverage percentage of the Increase of the Share Capital amounts to 50,41% and the total amount of the increase of the share capital amounts to 16.681.095,30 Euro.
Following the above, the company's share capital shall be increased up to the amount of the coverage, i.e. by 7.149.040,80 Euro, with the issuance of 23.830.136 new common shares, with a face value of 0,30 euro each. The listing of new shares shall take place after the conclusion of the procedures.
The investors shall be notified of the commencement date of the trading of the shares in the Athens Exchange by a newer company announcement.