Resolutions of the Annual Ordinary General Meeting of Shareholders of 29 June 2012

NIREUS S.A.

Resolutions of the Annual Ordinary General Meeting of Shareholders of 29 June 2012

NIREUS AQUACULTURE S.A. announces that the Annual Ordinary General Meeting of Shareholders that was held on June the 29th, 2012 at 15:00 hours at the registered office of the Company, 1st km Koropiou-Varis Ave. & Dimokritou Str., Koropi, Attiki, was attended by person or in proxy by 51 shareholders representing 37.204.988 shares out of a total 63.629.893 shares, namely 58.47%. All the agenda items requiring simple majority quorum were discussed. The 1^st Iterative General Meeting that has been called for July 11, 2012 at 15:00 hours at the registered office of the Company will decide on agenda items 8 and 9. A new invitation for the 1^st Iterative Meeting will not be published

The voting results of the 29 June 2012 meeting are presented hereunder per agenda item, pursuant to article 10 of Law 3884/2010:

Item 1: The General Meeting approved the annual financial statements and consolidated financial statements (prepared under IRFS) for the fiscal year 2011 and the relevant reports of the Board of Directors and the Auditors.

Number of ordinary shares for which valid votes were cast: 37,204,988
Percentage on the Company's share capital: 58.47%
Number of votes for: 37,204,988, against: 0, abstain: 0
Percentage of votes on the Company' share capital for: 58.47%, against: 0%, abstain: 0%

Item 2: Approved the proposal for no dividend distribution for the fiscal year 2011.

Number of ordinary shares for which valid votes were cast: 37,204,988
Percentage on the Company's share capital: 58.47%
Number of votes for: 37,204,988, against: 0, abstain: 0
Percentage of votes on the Company' share capital for: 58.47%, against: 0%, abstain: 0%

Item 3: Released the members of the Board of Directors and the Auditors of NIREUS SA from any liability for indemnity with respect to the fiscal year 2011 and for the published company and group financial results.

Item 4: Elected Ernst & Young as an auditor for fiscal year 2012 and pre-approved their fees.

Item 5: Approved the paid and proposed fees, remunerations and contracts, as per articles 23a & 24, C.L. 2190/1920.

Item 6: Granted permission to Directors and executive officers of the Company to participate in the management and the Board of Directors of affiliated (pursuant to article 42e, par. 5, C.L. 2190/1920) companies.

Item 7: Granted approval for the purchase of treasury shares according to the provisions of article 16 of Law 2190/1920 and the European Commission Directive 2273. More specifically, granted approval for the purchase of up to 6.365.228 shares (1/10 of total shares outstanding) for the period of the next 24 months, ending 29.06.2012, and at a minimum price of €0.15 per share and at a maximum price of €2 per share.

Item 8: Due to the lack of the 2/3 required by law quorum to approve this item, a 1^st Iterative Meeting has been called for 11.07.2012 that may decide with a ½ quorum of the shareholders – a new invitation is not required. The eight item calls for the approval of the amendment of the terms of the €19.995.575,10 Convertible bond, issued on 12.07.2007 according to the Resolutions of the 1^st Iterative Extraordinary Meeting of the Shareholders of 11.07.2007.

Item 9: Due to the lack of the 2/3 required by law quorum to approve this item, a 1st Iterative Meeting has been called for 11.07.2012 that may decide with a ½ quorum of the shareholders – a new invitation is not required. The ninth item calls for granting authorization to the Board of Director for the specification of the amendment of the terms and the execution of the agreement with the Bond Holders' Representative and the execution of all necessary actions in order for the amendment of the terms to be completed.