Approval of the appointment of a new member of the Audit Committee by the Annual General Meeting of 22.7.2024

According to article 44 §4b, Law 4449/2017, as in force after its amendment by Law 4706/2020, and article 4 §4 of the Rules of Procedure of the Audit Committee as contained in the Internal Rules of Operation of the company, “KIRIACOULIS MEDITERRANEAN CRUISES SHIPPING SOCIETE ANONYME” informs the investment community that, with its decision of 22.7.2024,  the Annual General Assembly of the Company’s shareholders approved the decision of the Board of Directors dated 15.4.2024 for the appointment of Mrs. Konstantina Avrami as a new member of the Audit Committee for the period until the expiration of the term of office of the Committee which has been set for 4 years until 07.08.2027, which may be automatically extended until the expiration of the deadline within which the Annual General Assembly of the year 2027 must be convened for the election of a new one Board of Directors and new Audit Committee. With the above decision of the Board of Directors dated 15.4.2024, Konstantina Avrami had been elected temporary replacement – a new member of the Audit Committee in place of the resigned Iliana Tsioli until the Annual General Meeting of 22.7.2024.

Mrs. Konstantina Avrami is a third person – non-member of the BoD, independent of the company within the meaning of article 9 §§1,2 of Law 4706/2020, as applied mutatis mutandis to the members of the Audit Committee (article 92 of Law 4706/2020) and the decision of the Ordinary General Meeting of 22.7.2024 approving the decision of the Board of Directors dated 15.4.2024 and her appointment as a new member of the Committee from the same date,  maintains the legal composition of the Audit Committee and its character as a three-member independent committee, consisting of two (2) independent non-executive members of the Board of Directors of the company and one (1) third person independent of the company, within the meaning of article 44 of Law 4449/2017, as in force.

Following this, the composition of the Company’s Audit Committee is as follows:

1. a) Eleni – Penthesileia Tselenti, of Michael, independent non-executive member of the BoD, President,
2. b) Konstantina Avrami of Georgiou, third person – non-member of the Board of Directors and independent of the company within the meaning of article 9 §§1,2 law 4706/2020, as applied proportionally to the members of the Audit Committee (article 92 law 4706/2020), Member and
3. c) Dimitrios Geravelis, of Georgiou, independent non-executive member of the BoD, Member.