Sea tourism appeared in Greece in the early 70’s, but it started to develop substantially in the early 80’s after the constitution of an appropriate legal framework with the passing of law 438/1976 (which together with the more recent laws 2743/1999 and 3182/2003 constitute the legal framework that govern the industry)

The following figure sets forth information regarding the shareholders of Kiriacoulis Mediterranean Cruises Shipping S.A. and the equity participation percentage they hold.

The following figure depicts the equity participations of Kiriacoulis Mediterranean Cruises Shipping S.A., along with the equity participation percentage held by the Parent Company

Incorporation of KIRIACOULIS MEDITERRANEAN CRUISES SHIPPING LTD. The company exploits either its own or third parties’ yachts