MINOAN LINES SA
Invitation to the Shareholders' Annual General Meeting
INVITATION
OF THE SOCIETE ANONYME
"MINOAN LINES Shipping S.A."
to the Shareholders' Annual General Meeting
By virtue of a decision of the Board of Directors of the company "MINOAN LINES Shipping S.A.", a company established in Heraklion, Crete (17, 25th August Street), and pursuant to the law and to the articles of association thereof, the Shareholders are invited to attend the Shareholders' Annual General Meeting on Sunday, 8th June 2008, to be held at the Hotel MOΕVENPICK RESORT & THALASSO CRETE - ex CANDIA MARIS (Conference Room MINOS), Ammoudara, Municipality of Gazi, Heraklion, Crete, to discuss and pass resolutions on the following matters of the agenda:
1.Approval of the Annual Financial Statements of the Financial Year from 1st January 2007 to 31st December 2007, including approval of the relevant management and Auditors' reports.
2.Discharge from all personal responsibility of the members of the Board of Directors and of the Auditors, in connection with the Annual Financial Statements and management for the year 2007.
3.Approval of fees and remuneration paid to the members of the Board of Directors in the year 2007.
4.Election of four (4) members and two (2) replacement members of the company's Board of Directors, pursuant to article 18, in its current form, of the articles of association.
5.Appointment of Auditors to audit the Financial Year 2008 and approval of the Auditors? fees.
6.Amendment of the company?s articles of association for the adaptation thereof to current legislation and specifically to C.L. 2190/1920 as amended by L. 3604/2007.
7.Amendment to article 8 of the company?s articles of association to provide preferential subscription rights to current shareholders for a capital increase by asset contribution or by issue of bonds exchangeable for shares.
8.Amendment to article 18 par. 2 of the articles of association to allow the election of four (4) replacement members of the BD instead of two (2).
9.Amendment of article 22 of the company's articles of association to provide clarification, in respect of L. 3016/2002, for the provision of replacement of a Board Member.
10.Amendment of article 22 par. 1B of the company's articles of association to incorporate the provisions of current article 18 para. 8 of C.L. 2190/1920.
11.Amendment of article 23 of the company's articles of association to permit the meeting of the Board of Directors by teleconference.
12.Amendment of article 25 of the company's articles of association to provide for the dismissal from the Board of a member, in case of non participation by person in three consecutive meetings of the Board, including teleconference meetings.
13.Addition of an article in the company's articles of association to permit the transmission of information via electronic means in accordance with article 18 L. 3556/2007.
14.Deletion of articles 7, 8 paras. 4 and 6, 9 paras. 2-5, 11, 13, 36, 38 paras. 1 and 3, 40 par. 3, 45 (and transfer of the provisions thereof to Chapter E of the articles of association), 46, 47 (and transfer of the relevant provisions in respect of minority rights and control to Chapter B of the articles of association), 50 and 52, 53, 54 (with reference to liquidation in a different article), renumbering of the articles of the articles of association and numbering of the paragraphs as well as restructuring of the document, as a whole, to reflect the above.
If a quorum is not present, a repeat meeting will be held on Sunday, 22nd June 2008, at the same time and place.
Shareholders wishing to attend the Shareholders? Ordinary General Meeting must apply to their shares' operator to request part or all of the shares held by them to be blocked and obtain the Share Blocking Certificate which must be delivered to the company's offices at least five (5) days prior to the date of the Shareholders' Annual General Meeting (i.e. by 2nd June 2008). In case of a repeat General Meeting the record date is 16th June 2008.
Shareholders who have shares deposited in the Special Account of the Societe Anonyme HELLENIC STOCK EXCHANGE S.A. - which has acquired the Central Securities Depository- must apply to HELLENIC STOCK EXCHANGE S.A. to request the blockage of the shares which are deposited to the above company and obtain thereby the required Share Block Certificate for the participation to the Annual Shareholders? Meeting, which must be delivered to the company's offices at least five (5) days prior to the date of the Shareholders' Ordinary General Meeting (i.e. by 2nd June 2008). In case of a repeat General Meeting the record date is 16th June 2008.
Finally, Shareholders must submit any Powers of Attorney to the company at least five (5) days prior to the day of the Annual Shareholders' Meeting (i.e. by 2nd June 2008). In case of a repeat General Meeting the new date is 16th June 2008.
For the Shareholders' facilitation, a model Power of Attorney will be available at the company's offices in Heraklion, Crete (17, 25th August Street) and Piraeus, Attica (6-10, Thermopylon Street).
Heraklion, 16th May 2008
By authorisation of the Board of Directors
The Chairman of the Board of Directors The Chief Executive Officer
Stylianos Sarris Antonios Maniadakis
OF THE SOCIETE ANONYME
"MINOAN LINES Shipping S.A."
to the Shareholders' Annual General Meeting
By virtue of a decision of the Board of Directors of the company "MINOAN LINES Shipping S.A.", a company established in Heraklion, Crete (17, 25th August Street), and pursuant to the law and to the articles of association thereof, the Shareholders are invited to attend the Shareholders' Annual General Meeting on Sunday, 8th June 2008, to be held at the Hotel MOΕVENPICK RESORT & THALASSO CRETE - ex CANDIA MARIS (Conference Room MINOS), Ammoudara, Municipality of Gazi, Heraklion, Crete, to discuss and pass resolutions on the following matters of the agenda:
1.Approval of the Annual Financial Statements of the Financial Year from 1st January 2007 to 31st December 2007, including approval of the relevant management and Auditors' reports.
2.Discharge from all personal responsibility of the members of the Board of Directors and of the Auditors, in connection with the Annual Financial Statements and management for the year 2007.
3.Approval of fees and remuneration paid to the members of the Board of Directors in the year 2007.
4.Election of four (4) members and two (2) replacement members of the company's Board of Directors, pursuant to article 18, in its current form, of the articles of association.
5.Appointment of Auditors to audit the Financial Year 2008 and approval of the Auditors? fees.
6.Amendment of the company?s articles of association for the adaptation thereof to current legislation and specifically to C.L. 2190/1920 as amended by L. 3604/2007.
7.Amendment to article 8 of the company?s articles of association to provide preferential subscription rights to current shareholders for a capital increase by asset contribution or by issue of bonds exchangeable for shares.
8.Amendment to article 18 par. 2 of the articles of association to allow the election of four (4) replacement members of the BD instead of two (2).
9.Amendment of article 22 of the company's articles of association to provide clarification, in respect of L. 3016/2002, for the provision of replacement of a Board Member.
10.Amendment of article 22 par. 1B of the company's articles of association to incorporate the provisions of current article 18 para. 8 of C.L. 2190/1920.
11.Amendment of article 23 of the company's articles of association to permit the meeting of the Board of Directors by teleconference.
12.Amendment of article 25 of the company's articles of association to provide for the dismissal from the Board of a member, in case of non participation by person in three consecutive meetings of the Board, including teleconference meetings.
13.Addition of an article in the company's articles of association to permit the transmission of information via electronic means in accordance with article 18 L. 3556/2007.
14.Deletion of articles 7, 8 paras. 4 and 6, 9 paras. 2-5, 11, 13, 36, 38 paras. 1 and 3, 40 par. 3, 45 (and transfer of the provisions thereof to Chapter E of the articles of association), 46, 47 (and transfer of the relevant provisions in respect of minority rights and control to Chapter B of the articles of association), 50 and 52, 53, 54 (with reference to liquidation in a different article), renumbering of the articles of the articles of association and numbering of the paragraphs as well as restructuring of the document, as a whole, to reflect the above.
If a quorum is not present, a repeat meeting will be held on Sunday, 22nd June 2008, at the same time and place.
Shareholders wishing to attend the Shareholders? Ordinary General Meeting must apply to their shares' operator to request part or all of the shares held by them to be blocked and obtain the Share Blocking Certificate which must be delivered to the company's offices at least five (5) days prior to the date of the Shareholders' Annual General Meeting (i.e. by 2nd June 2008). In case of a repeat General Meeting the record date is 16th June 2008.
Shareholders who have shares deposited in the Special Account of the Societe Anonyme HELLENIC STOCK EXCHANGE S.A. - which has acquired the Central Securities Depository- must apply to HELLENIC STOCK EXCHANGE S.A. to request the blockage of the shares which are deposited to the above company and obtain thereby the required Share Block Certificate for the participation to the Annual Shareholders? Meeting, which must be delivered to the company's offices at least five (5) days prior to the date of the Shareholders' Ordinary General Meeting (i.e. by 2nd June 2008). In case of a repeat General Meeting the record date is 16th June 2008.
Finally, Shareholders must submit any Powers of Attorney to the company at least five (5) days prior to the day of the Annual Shareholders' Meeting (i.e. by 2nd June 2008). In case of a repeat General Meeting the new date is 16th June 2008.
For the Shareholders' facilitation, a model Power of Attorney will be available at the company's offices in Heraklion, Crete (17, 25th August Street) and Piraeus, Attica (6-10, Thermopylon Street).
Heraklion, 16th May 2008
By authorisation of the Board of Directors
The Chairman of the Board of Directors The Chief Executive Officer
Stylianos Sarris Antonios Maniadakis