NIREUS SA announces that on 16/10/2015 the refinancing of loans, in compliance with the contents of the Memorandum of Understanding dated 24/3/2015 which had been prepared in conjunction with the banks was completed. More specifically funds  approved by the A' Reiteration Annual General Meeting of shareholders of the company were received in proportion to the bond loans of an amount of euro 58,2 million, euro 31,4million ,  euro 29,4 million and euro 4,8 million.

The cash disbursement was made following the approval of the Company's share capital increase that which amounted to euro 58,6 million. As regards the refinancing of the loans of  SEAFARM IONIAN which is included in the total restructuring agreement of loans, this will be completed following the completion of the subsidiary's merger by NIREUS which is currently in process.