Attica finalises purchase of a controlling interest in Strintzis Lines

The Board of Directors of Attica Enterprises S.A. wishes to announce that 14,431,090 shares of Strintzis Lines were transferred today to Attica Enterprises S.A. through the Athens Stock Exchange at a price of Grd 2,900 per share. The total amount of the transaction reached Grd 41.8 bln. Following the above transaction, Attica owns a controlling interest of 40.22% in Strintzis Lines S.A.

The fleet of the two companies of Attica Enterprises Group, Superfast Ferries Maritime S.A. and Strintzis Lines S.A., comprises 16 ships of which 4 Superfast ferries, another 10 large car-passenger ferries and 2 catamaran type passenger-only ferries, while the two companies have a total of 12 large car-passenger ships under construction, worth in excess of US $ 1 billion (over Euro 1 billion). By the end of 2001, the combined fleet of the two companies will total 28 ships.

The aim of the Group is to expand its business by further investments and strengthen its presence in the Greek and international passenger shipping.

Voula, 10th December, 1999

Ohe Board of Directors

For more information please contact:
Mr. Yannis Criticos,
Attica Enterprises S.A.,
tel.: +301 891 9500,
fax : +301 891 9509,