• Investors Relations Officer
    Leontidis Epaminondas
    Tel.+30 210 6698225
    Fax +30 210 6627404
    e-mail n.leontidis@nireus.com
    Shareholders Relations & Corporate Announcements Officer
    Melioti Korina
    Tel.+30 210 6698224
    Fax +30 210 6627404
    e-mail k.melioti@nireus.com
    e-mail irodpt@nireus.com
    19,3 Km MARKOPOULOU-PAIANIA AVENUE
    19002 PAIANIA, ATTICA, GREECE

Decisions of the Ordinary General Assembly of Shareholders of NIREUS S.A.

29.6.2004

With respect to the Ordinary General Assembly of company shareholders held on 25/6/2004, at company offices, 1st km Koropiou-Varis Avenue and Dimokritou Street, Koropi, Attica, we hereby inform you of the following: A total of 11,788,336 shares, and an equal number of voting rights were legally present at the above Assembly, out of 29,005,671 shares in total, i.e. 40.64%, thus presenting the legal quorum for decision-making on all items on the agenda. The following is a summary of the items on the agenda and the decisions made with respect to them: 1. Submission and approval of financial statements for the year 1/1-31/12/2003 and consolidated financial statements for fiscal year 2003, following a hearing of the Board of Directors’ reports on the activities of the above year and the Auditor’s report on the financial statements and consolidated financial statements for year 2003. During the discussion of this item, the BoD’s report on transactions with affiliated undertakings, as per L. 3016 on corporate governance, was also read out. The financial statements and consolidated financial statements for year 2003 were unanimously approved by all shareholders present. 2. Release of the members of the Board of Directors and the Auditors from any liability for compensation with respect to the year 1/1-31/12/2003. The above release was approved unanimously by all shareholders present. 3. Appointment of ordinary and acting Auditors for the year 1/1-31/12/2004. The Assembly unanimously appointed Mr Stylianos Xenakis, an auditor for SOL SA, as the Ordinary Auditor, and Mr Georgios Nikolopoulos of SOL SA as Acting Auditor. 4. Approval of fees for members of the Board of Directors for the period up to 30/6/2005, and approval of fees paid for services rendered. The Assembly unanimously approved the fees paid in the period 1/7/2003-30/6/2004 to the Chairman and CEO of the company, the Vice-chairman of the company, the Authorized Consultant and the Legal Consultant of the company, and also unanimously approved that said fees shall remain unchanged for the period from 1/7/2004 to 30/6/2005. 5. Establishment of fees for attendance of Board of Directors members at meetings. The Assembly unanimously approved the net fee of 500 Euros for attendance of Board of Directors members at meetings . 6. Granting of permission to BoD members as per article 23, par. 1, C.L. 2190/1920. The Assembly unanimously approved the granting of the aforementioned permission to the members of the BoD for participating in the Boards of Directors of companies with the same or similar objects as that of NIREUS S.A., as per article 23, C.L. 2190/1920. 7. Appointment of new Board of Directors and allocation of duties as per the provisions of L. 3016/2002. Within the framework of this item, the Assembly unanimously elected the company’s new Board of Directors, whose term shall expire during the Ordinary General Assembly of year 2009, and allocated the members’ duties according to the provisions of L. 3016 on corporate governance, as follows: 1) Aristides Belles, Executive Member, 2) Nikolaos Chaviaras, Executive Member, 3) Pantelis Lambrinoudis, Non-executive Member, 4) Dimitris Loubounis, Executive Member, 5) Ioanna Athanasopoulou, Non-executive Member, 6) Epaminondas Lambadarios, Non-executive Member, 7) Ioannis Dimitriou, Non-executive Member, 8) Konstantinos Lambrinopoulos, Non-executive Member, 9) Georgios Paidousis, Non-executive Member. 8. Approval of contracts subject to the provisions of article 23a, C.L. 2190/1920. Within the framework of this item, the Assembly unanimously approved the signing of the following contracts: 1) purchase of 38,400 EUROMARE S.A. shares to be held by NIREUS following completion of the liquidation of NIREUS CONSULTANTS by the Chairman and CEO Mr Aristides Belles. The value of these shares has been estimated by K.P.M.G. Auditors. 2) purchase of 160,496 OINOUSSES FISH FARMING S.A. shares, held by Messrs Belles and Chaviaras (each holding 80,248 shares), by NIREUS SA. The value of these shares has been estimated by SOL SA Auditors.