MINOAN LINES SA

Announcement

We would like to inform the investment community with the following:
On July 30th 2008, the company "INTESA SANPAOLO Spa" informed our Board of Directors that participates in Minoan Lines' share capital with 33.62% and holds 23,848,248 shares with voting rights.
In the above mentioned stake the participation 30,86% of "ATLANTICA Spa Di NAVIGAZIONE" is included through the company "INTESA SANPAOLO Spa" that acts as custodian.