MINOAN LINES SA

Announcement

The company Minoan Lines S.A. announces that the legal entity "ATLANTICA S.p.a. di NAVIGAZIONE" associated with Mr Emanuele G. Grimaldi Chairman of the Board of Directors (Liable person according to the article 13 of L. 3340/2005) bought 3,000 ordinary shares of a total value of euro 12,180.00 on July 22nd, 2008.
The aforementioned announcement is in accordance with L. 3556/2007 (art.3 and 21) and in combination with the resolution of the H.C.M.C. 1/434/3.7.2007 (Art. 11).