The company KIRIACOULIS MEDITERRANEAN CRUISES SHIPPING S.A. announces that the process for the issuance of a 5-year bond of 1.000.000 € is completed, pursuant to the provisions of Law 3156/2003, the decision of the Extraordinary General Meeting of the shareholders on 29/08/2005 and the decision of the Board of Directors on 18/10/2005. The loan will be used to finance purchases of new yachts for the renewal of the fleet. OMEGA BANK S.A. has been appointed as representative of the bond holders.

Athens, 5 January 2006