KIRIACOULIS MEDITERRANEAN CRUISES SHIPPING S.A.

Announcement to the Investing Public

It is noted that the financial statements up to 31/12/2004 have been prepared under the Greek Accounting Plan, whereas from 31/12/2004 onwards under the International Financial Reporting Standards (I.F.R.S.).

Announcement to the Investing Public

The company notifies that at the preparation of the financial statements for the year ended on 31 December 2006, proceeded to amendments (note 9 in the Figures and Information and note 6.30 in the annual financial statements of 2006), of the already published financial statements for the current and previous years. The types of amendments as well as their impact on the turnover of the company and the group, on the results after taxes and minority interest, as well as on the shareholders’ equity of company and group are following:

A) FOR THE COMPANY:

1) The Company’s turnover for the period 1/1-30/9/2005 was decreased by € 2,723,994 due to the transfer of revenues from sales of tangible assets to the account “other income”. As a result, turnover for the period 1/1-30/9/2005 was reduced to 6,607,397 € from 9,331,391 €. From this rearrangement neither the results after taxes and minority interest nor the shareholders’ equity of the Company were influenced. 2) The Company’s shareholders’ equity as at 30/9/2005 was decreased by € 186,719 due to the corrections of errors in the measurement of receivables and loans of the amount of € 102,739 and € 83,980 respectively. The Company’s shareholders’ equity as at 30/9/2005 totalled € 21,455,314 from € 21,642,033 while the results after taxes and minority interest for the periods 1/1-30/9/2005 and 1/7-30/9/2005 were not altered. 3) The Company’s turnover for the period 1/7-30/9/2005 was decreased by € 123,987 due to the transfer of revenues from sales of tangible assets to the account “other income”. As a result, turnover for period 1/7-30/9/2005 reached 3,359,840 € from 3,483,827 €. From this rearrangement neither the results after taxes and minority interest nor the shareholders’ equity of the Company were influenced. 4) The Company’s turnover for the period 1/1-30/9/2006 was decreased by € 1,585,644 due to the transfer of revenues from sales of tangible assets to the account “other income”. As a result the Company’s turnover for the period 1/1-30/9/2006 reached 7,092,839 € from € 8,678,483. From this rearrangement neither the results after taxes and minority interest nor the shareholders’ equity of the Company were influenced. 5) The Company’s shareholders’ equity as at 30/9/2006 was decreased by € 273,153 due to the corrections of errors in the measurement of receivables and loans of the amount of € 138,327 and € 134,826 respectively. As a result the Company’s shareholders’ equity as at 30/9/2006 reached € 21,715,927 from € 21,989,080 while the results after taxes and minority interest for the periods 1/1-30/9/2006 and 1/7-30/9/2006 were not altered.

B) FOR THE GROUP:

1) The Group’s turnover for the period 1/1-30/9/2005 was decreased by € 2,723,994 due to the transfer of revenues from sales of tangible assets to the account “other income”. As a result, the Group’s turnover for the period 1/1-30/9/2005 reached 14,234,658 € from 16,958,652 €. From this rearrangement neither the results after taxes and minority interest nor the shareholders’ equity were influenced. 2) The Group’s shareholders’ equity as at 30/9/2005 was decreased by € 186,719 due to the corrections of errors in the measurement of receivables and loans of the amount of € 102,739 and € 83,980 respectively. As a result, the Group’s shareholders’ equity as at 30/9/2005 totalled € 18,200,321 from € 18,387,040, while the results after taxes and minority interest for the periods 1/1-30/9/2005 and 1/7-30/9/2005 were not altered. 3) The Group’s turnover for the period 1/7-30/9/2005 was decreased by € 123,987 due to the transfer of revenues from sales of tangible assets to the account “other income”. As a result, the Group’s turnover for the period 1/7-30/9/2005 reached 4,693,752 € from 4,817,739 €. From this rearrangement neither the results after taxes and minority interest nor the shareholders’ equity were influenced. 4) The Group’s turnover for the period 1/1-30/9/2006 was decreased by € 1,585,644 due to the transfer of revenues from sales of tangible assets to the account “other income”. As a result, the Group’s turnover for the period 1/1-30/9/2006 reached € 16,749,895 from €18,335,539. From this rearrangement neither the results after taxes and minority interest nor the shareholders’ equity were influenced. 5) The Group’s shareholders’ equity as at 30/9/2006 was decreased by € 273,153 due to the corrections of errors in the measurement of receivables and loans of the amount of € 138,327 and € 134,826 respectively. As a result, the Group’s shareholders’ equity as at 30/9/2006 totalled € 16,569,266 from € 16,842,419, while the results after taxes and minority interest for the periods 1/1-30/9/2006 and 1/7-30/9/2006 were not altered.

Athens 28 March 2007

Announcement to the Investing Public

The company notifies that at the preparation of the financial statements for the year ended on 31 December 2006, proceeded to amendments (note 9 in the Figures and Information and note 6.30 in the annual financial statements of 2006), of the already published financial statements for the current and previous years. The types of amendments as well as their impact on the turnover of the company and the group, on the results after taxes and minority interest, as well as on the shareholders’ equity of company and group are following:

A) FOR THE COMPANY:

1) The turnover of Company for the period 1/1-30/6/2005 was decreased by € 2,600,007 due to the transfer of revenues from sales of tangible assets to the account “other income”. As a result, turnover for the period 1/1-30/6/2005 was reached 3,247,557 € from 5,847,564 €. From this rearrangement neither the results after taxes and minority interest nor the shareholders’ equity of the Company were influenced. 2) The Company’s shareholders’ equity as at 30/6/2005 was decreased by € 186,719 due to the corrections of errors in the measurement of receivables and loans of the amount of € 102,739 and € 83,980 respectively. The Company’s shareholders’ equity as at 30/6/2005 reached € 20,029,187 from € 20,215,906, while the results after taxes and minority interest for the periods 1/1-30/6/2005 and 1/4-30/6/2005 were not altered. 3) The Company’s turnover for the period 1/4-30/6/2005 was decreased by € 858,767 due to the transfer of revenues from sales of tangible assets to the account “other income”. As a result, turnover for period 1/4-30/6/2005 totalled 2,659,629 € from 3,518,396 €. From this rearrangement neither the results after taxes and minority interest nor the shareholders’ equity of the Company were influenced. 4) The Company’s turnover for the period 1/1-30/6/2006 was decreased by € 1,585,644 due to the transfer of revenues from sales of tangible assets to the account “other income”. Turnover for the period 1/1-30/6/2006 reached 2,828,253 € from 4,413,897 €. From this rearrangement neither the results after taxes and minority interest nor the shareholders’ equity of the Company were influenced. 5) The Company’s shareholders’ equity as at 30/6/2006 was decreased by € 273,153 due to the corrections of errors in the measurement of receivables and loans of the amount of € 138,327 and € 134,826 respectively. The Company’s shareholders’ equity as at 30/6/2006 totalled € 19,884,602 from € 20,157,755 while the results after taxes and minority interest for the periods 1/1-30/6/2006 and 1/4-30/6/2006 were not altered. 6) The Company’s turnover for the period 1/4-30/6/2006 was decreased by € 825,166 due to the transfer of revenues from sales of tangible assets to the account “other income”. Turnover for the period 1/4-30/6/2006 reached € 2,792,801 from 3,617,967€. From this rearrangement neither the results after taxes and minority interest nor the shareholders’ equity of the Company were influenced.

B) FOR THE GROUP:

1) The Group’s turnover for the period 1/1-30/6/2005 was decreased by € 2,600,007 due to the transfer of revenues from sales of tangible assets to the account “other income”. As a result, the Group’s turnover for the period 1/1-30/6/2005 totalled 9,540,906 € from 12,140,913 €. From this rearrangement neither the results after taxes and minority interest nor the shareholders’ equity were influenced.2) The Group’s shareholders’ equity as at 30/6/2005 was decreased by € 186,719 due to the corrections of errors in the measurement of receivables and loans of the amount of € 102,739 and of € 83,980 respectively. As a result, the Group’s shareholders’ equity as at 30/6/2005 totalled € 16,672,520 from € 16,859,239, while results after taxes and minority interest for the periods 1/1-30/6/2005 and 1/4-30/6/2005 were not altered. 3) The Group’s turnover for the period 1/4-30/6/2005 was decreased by € 858,767 due to the transfer of revenues from sales of tangible assets to the account “other income”. As a result, the Group’s turnover for the period 1/4-30/6/2005 reached 2,485,865 € from 3,344,632 €. From this rearrangement neither the results after taxes and minority interest nor the shareholders’ equity were influenced. 4) The Group’s turnover for the period 1/1-30/6/2006 was decreased by € 1,585,644 due to the transfer of revenues from sales of tangible assets to the account “other income”. As a result, the Group’s turnover for the period 1/1-30/6/2006 reached 10,767,672 € from 12,353,316 €. From this rearrangement neither the results after taxes and minority interest nor the shareholders’ equity were influenced. 5 The Group’s shareholders’ equity as at 30/6/2006 was decreased by € 273,153 due to the corrections of errors in the measurement of receivables and loans of the amount of 138,327 and € 134,826 respectively. As a result, the Group’s shareholders’ equity as at 30/6/2006 reached € 14,326,193 from € 14,599,346, while results after taxes and minority interest for the periods 1/1-30/6/2006 and 1/4-30/6/2006 were not altered. 6) The Group’s turnover for the period 1/4-30/6/2006 was decreased by € 825,166 due to the transfer of revenues from sales of tangible assets to the account “other income”. As a result, the Group’s turnover for the period 1/4-30/6/2006 reached € 6,089,248 from 6,914,414 €. From this rearrangement neither the results after taxes and minority interest nor the shareholders’ equity were influenced.

Athens 28 March 2007

Announcement to the Investing Public

The company notifies that at the preparation of the financial statements for the year ended on 31 December 2006, proceeded to amendments (note 9 in the Figures and Information and note 6.30 in the annual financial statements of 2006), of the already published financial statements for the current and previous years. The types of amendments as well as their impact on the turnover of the company and the group, on the results after taxes and minority interest, as well as on the shareholders’ equity of company and group are following:

A) FOR THE COMPANY:

1) The Company’s turnover for the period 1/1-31/3/2005 was decreased by € 1,741,240 due to the transfer of revenues from sales of tangible assets to the account “other income”. As a result, turnover for the period 1/1-31/3/2005 totalled 587,928 € from 2,329,168 €. From this rearrangement neither the results after taxes and minority interest nor the shareholders’ equity of the Company were influenced. 2) The Company’s shareholders’ equity as at 31/3/2005 was decreased by € 186,719 due to the corrections of errors in the measurement of receivables and loans of the amount of € 102,739 and € 83,980 respectively. The Company’s shareholders’ equity as at 31/3/2005 was decreased to € 19,627,203 from € 19,813,922 while the results after taxes and minority interest for the period 1/1-31/3/2005 were not altered. 3) The Company’s turnover for the period 1/1-31/3/2006 was decreased by € 760,479 due to the transfer of revenues from sales of tangible assets to the account “other income”. As a result, turnover for the period 1/1-31/3/2006 reached 35,452 € from 795,931€. From this rearrangement neither the results after taxes and minority interest nor the shareholders’ equity of the Company were influenced. 4) The Company’s shareholders’ equity as at 31/3/2006 was decreased by € 273,153 due to the corrections of errors in the measurement of receivables and loans of the amount of € 138,327 and € 134,826 respectively The Company’s shareholders’ equity as at 31/3/2006 totalled € 19,609,903 from € 19,883,056 while the results after taxes and minority interest for the period 1/1-31/3/2006 were not altered.

B) FOR THE GROUP:

1) The Group’s turnover for the period 1/1-31/3/2005 was decreased by € 1,741,240 due to the transfer of revenues from sales of tangible assets to the account “other income”. As a result, turnover for period 1/1-31/3/2005 reached 7,055,041 € from 8,796,281 €. From this rearrangement neither the results after taxes and minority interest nor the shareholders’ equity were influenced. 2) The Group’s shareholders’ equity as at 31/3/2005 was decreased by € 186,719 due to the corrections of errors in the measurement of receivables and loans of the amount of € 102,739 and € 83,980 respectively. As a result, the Group’s shareholders’ equity as at 31/3/2005 totalled € 15,903,606 from € 16,090,325, while the results after taxes and minority interest for period 1/1-31/3/2005 were not altered. 3) The Group’s turnover for the period 1/1-31/3/2006 was decreased by 760,479 due to the transfer of revenues from sales of tangible assets to the account “other income”. As a result, The Group’s turnover for the period 1/1-31/3/2006 reached 4,678,423 € from 5,438,902 €. From this rearrangement neither the results after taxes and minority interest nor the shareholders’ equity were influenced. 4) The Group’s shareholders’ equity as at 31/3/2006 was decreased by € 273,153 due to the corrections of errors in the measurement of receivables and loans of the amount of € 138,327 and € 134,826, respectively. As a result, the Group’s shareholders’ equity as at 31/3/2006 totalled € 14,244,070 from € 14,517,223 while the results after taxes and minority interest for the period 1/1-31/3/2006 were not altered.

Athens 28 March 2007

Announcement to the Investing Public

The company notifies that at the preparation of the financial statements for the year ended on 31 December 2006, proceeded to amendments (note 9 in the Figures and Information and note 6.30 in the annual financial statements of 2006), of the already published financial statements for the current and previous years. The types of amendments as well as their impact on the turnover of the company and the group, on the results after taxes and minority interest, as well as on the shareholders’ equity of company and group are following:

A) FOR THE COMPANY:

1) The Company’s turnover for the period 1/1-31/12/2004 was decreased by € 3,802,156 due to the transfer of revenues from sales of tangible assets to the account “other income”. As a result, turnover for the period 1/1-31/12/2004 reached 7,164,901 € from 10,967,057 €. From this rearrangement neither the results after taxes and minority interest nor the shareholders’ equity of the Company were influenced. 2) The Company’s shareholders’ equity as at 31/12/2004 was decreased by € 186,719 due to the corrections of errors in the measurement of receivables and loans of the amount of € 102,739 and € 83,980 respectively. The Company’s shareholders’ equity as at 31/12/2004 reached € 19,967,970 from € 20,154,689. Results after taxes and minority interest for the period 1/1-31/12/2004 (loss) were increased by € 186,719 and reached € -1,782,498 from € -1,595,779. 3) The Company’s turnover for the period 1/1-31/12/2005 was decreased by € 4,590,348 due to the transfer of revenues from sales of tangible assets to the account “other income”. As a result, turnover for the period 1/1-31/12/2005 totalled 7,330,280 € from 11,920,628 €. From this rearrangement neither the results after taxes and minority interest nor the shareholders’ equity of the Company were influenced. 4) The Company’s shareholders’ equity as at 31/12/2005 was decreased by € 273,153 due to the corrections of errors in the measurement of receivables and loans of the amount of € 138,327 and € 134,826 respectively. The Company’s shareholders’ equity as at 31/12/2005 totalled € 20,514,704 from € 20,787,857. The results after taxes and minority interest for the full year 1/1-31/12/2005 were decreased by € 86,434 and reached € 1,349,953 from € 1,436,387.

B) FOR THE GROUP:

1) The Group’s turnover for the period 1/1-31/12/2004 was decreased by € 3,802,156 due to the transfer of revenues from sales of tangible assets to the account “other income”. As a result, turnover for the period 1/1-31/12/2004 totalled 19,451,200 € from 23,253,356 €. From this rearrangement neither the results after taxes and minority interest nor the shareholders’ equity were influenced. 2) The Group’s shareholders’ equity as at 31/12/2004 was decreased by € 186,719 due to the corrections of errors in the measurement of receivables and loans of the amount of € 102,739 and € 83,980 respectively. As a result the Group’s shareholders’ equity as at 31/12/2004 reached € 16,750,409 from € 16,937,128. The results after taxes and minority interest for the full year 1/1-31/12/2004 (loss) increased by € 186,719 to € -2,011,256 from € -1,824,537. 3) The Group’s turnover for the period 1/1-31/12/2005 was decreased by € 4,590,348 due to the transfer of revenues from sales of tangible assets to the account “other income”. As a result, the Group’s turnover for the period 1/1-31/12/2005 reached 17,382,878 € from 21,973,226 €. From this rearrangement neither the results after taxes and minority interest nor the shareholders’ equity were influenced. 4) The Group’s shareholders’ equity as at 31/12/2005 was decreased by € 273,153 due to the corrections of errors in the measurement of receivables and loans of the amount of € 138,327 and € 134,826 respectively. As a result, the Group’s shareholders’ equity as at 31/12/2005 totalled € 15,618,344 from € 15,891,496. The results after taxes and minority interest for the full year 1/1-31/12/2005 (loss) were increased by € 86,434 and reached € -270,550 from € -184,116.

Athens 28 March 2007